Terreno Realty Corp., an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, sold an industrial property located in Commerce, Calif., on May 22, 2025, for a sale price of approximately $97 million.
The property comprises five multitenant industrial buildings spanning approximately 545,000 square feet on 24 acres, which are 99 percent leased to 12 tenants. Terreno Realty Corp. purchased the property on May 30, 2012, for $52.4 million. The unleveraged internal rate of return generated by the investment was 9.5 percent.
