Terreno Realty Corporation, a key player in the industrial real estate market, has successfully sold an industrial property in Bellevue, Washington, for approximately $17.5 million. The transaction, which took place on May 22, 2025, involved a 39,000-square-foot industrial flex building situated on 2.1 acres of land. Initially acquired by Terreno on November 6, 2020, for $11.7 million, the sale generated an impressive unleveraged internal rate of return of 11.1%. Terreno Realty Corporation continues to focus on acquiring, owning, and operating industrial properties in major coastal markets, including New York City, Los Angeles, Miami, San Francisco Bay Area, Seattle, and Washington, D.C.
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