HIALEAH, FL – Industrial real estate acquirer, owner and operator, Terreno Realty Corp. has acquired an industrial property in Hialeah, FL for $73.2 million, net of free-rent credits.
The property comprises two recently-developed rear-load industrial distribution buildings, which total 407,000 square feet. The structures feature 32-foot clear heights, 124 dock-high loading positions, four grade-level loading positions and a 359-space parking lot.
The property is expected to obtain LEED certification.
Recommended For You
The buildings are fully pre-leased to two tenants that are expected to take occupancy in May 2022 and September 2022. The estimated stabilized cap rate of the property is 3.8%.
Spanning 19.8 acres, the property is located at 4281-4341 W. 108 St. and is situated adjacent to Terreno Realty Corp.'s five existing buildings on W. 108th St. The acquired property is also situated near Florida's Turnpike and the southern terminus of Interstate 75.
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
