Terreno Realty Buys Building In Landover, Maryland For $7.0 Mln - Quick Facts

(RTTNews) - Terreno Realty Corp. (TRNO) said that it acquired an industrial property located in Landover, Maryland on December 23, 2013 for a purchase price of about $7.0 million.

The property consists of one rear-load industrial distribution building containing approximately 71,000 square feet on 4.0 acres. The building is adjacent to the intersection of US Route 50 and I-95/495, the Capital Beltway, approximately 4 miles from Washington, D.C. The building is at 3601 Pennsy Drive and is 100% leased to one tenant. The estimated stabilized cap rate of the property is 5.8%.