Terreno Realty Acquires Industrial Property in Newark, CA for $186M

The property consists of four buildings totaling 603,000 square feet on 30.5 acres.

By David Hoffman | March 31, 2023 at 03:50 PM

Terreno Realty Corp. acquired an industrial property in Newark, California for $186 million.

The property consists of four industrial distribution buildings totaling 603,000 square feet on 30.5 acres. The property has 86 dock-high and eight grade-level loading positions and parking for 730 cars. It is 100% leased to four tenants with leases expiring between 2026 and 2032. The estimated stabilized cap rate is 4.6%.

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