Terreno Realty Corporation, a prominent player in the industrial real estate sector, has successfully acquired a property in Santa Ana, California, for approximately $49.5 million. This acquisition, completed on June 20, 2025, features a 134,000-square-foot industrial distribution building situated on 12.1 acres of industrial-zoned land. Currently leased to a major home improvement retailer, the property operates as a retail location. Located at 3500 West MacArthur Boulevard, the site is strategically positioned adjacent to I-405 in Orange County, offering seven dock-high and three grade-level loading positions. Terreno Realty Corporation, known for its focus on key coastal U.S. markets, estimates a stabilized cap rate of 5.7% for this acquisition. More details can be found on their website.
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