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Vacant Industrial Distribution Building Under Redevelopment In Doral Sells For $14 Million

Terreno Realty Corporation, an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, sold an industrial property located in Doral on August 30, 2019 for a sale price of approximately $14.0 million.

The property consists of one vacant industrial distribution building under redevelopment containing approximately 107,000 square feet on 5.0 acres at 10100 NW 25th Street. The property was purchased by Terreno Realty Corporation on January 23, 2015 for approximately $9.9 million. The estimated unleveraged internal rate of return generated by the investment was approximately 7.2%.

Terreno Realty Corporation acquires, owns and operates industrial real estate in six major coastal U.S. markets: Los Angeles, Northern New Jersey/New York City, San Francisco Bay Area, Seattle, Miami, and Washington, D.C.

 

Source: BusinessWire