Terreno Realty Corp., an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, acquired an industrial property located in Redondo Beach, Calif., on Aug. 8, 2025, for a purchase price of approximately $35.5 million.
The property comprises two industrial distribution buildings, totaling approximately 100,000 square feet, situated on 5.1 acres. The property is at 3700 and 3730 Redondo Beach Avenue, west of Interstate 405 and immediately adjacent to Terreno Realty Corp.’s 6.7-acre property at 2411 Santa Fe Avenue, and provides 16 dock-high and three grade-level loading positions and parking for 88 cars. The property is 100 percent leased to two tenants, and the estimated stabilized cap rate is 5.8 percent.
Estimated stabilized cap rates are calculated as annualized cash basis net operating income stabilized to market occupancy (generally 95 percent) divided by total acquisition cost. Total acquisition cost includes the initial purchase
