Terreno Realty Corporation Sells Property In Seattle, WA For $11M
Portfolio Pulse from Benzinga Newsdesk
Terreno Realty Corporation (TRNO) sold an industrial property in Seattle, WA, for $11M, generating a 16.5% internal rate of return. The property, acquired in 2016 for $4.7M, is fully leased. TRNO operates in six major U.S. coastal markets.
April 01, 2024 | 1:16 pm
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Terreno Realty Corporation sold a fully leased industrial property in Seattle for $11M, a significant gain over its $4.7M purchase price in 2016, reflecting a 16.5% internal rate of return.
The sale of the property at a significant profit and a high internal rate of return is likely to be viewed positively by investors, reflecting well on TRNO's investment strategy and operational efficiency. This could lead to increased investor confidence and potentially a positive impact on the stock price in the short term.
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RELEVANCE 100