<a href="https://laohu8.com/S/TRNO">Terreno Realty</a> Corporation Acquires Redondo Beach Industrial Property for $35.5 Million
Terreno Realty Corporation has expanded its industrial real estate portfolio with the acquisition of a property in Redondo Beach, California, for approximately $35.5 million. The transaction, completed on August 8, 2025, includes two industrial distribution buildings totaling around 100,000 square feet on a 5.1-acre site. Located at 3700 and 3730 Redondo Beach Avenue, the property is strategically positioned west of I-405 and adjacent to Terreno's existing 6.7-acre property at 2411 Santa Fe Avenue. The facility, fully leased to two tenants, offers 16 dock-high and three grade-level loading positions along with parking for 88 vehicles. The purchase aligns with Terreno Realty's focus on industrial properties in key coastal U.S. markets, boasting an estimated stabilized cap rate of 5.8%.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Terreno Realty Corporation published the original content used to generate this news brief via Business Wire (Ref. ID: 20250807716592) on August 11, 2025, and is solely responsible for the information contained therein.
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