India, June 9 -- Terreno Realty Corporation (TRNO), an operator and owner of industrial real estate in six key U.S. coastal markets, acquired a Los Angeles industrial property on June 6, 2025, for approximately $10 million.
The site, located at 11100 Hindry Avenue near LAX and west of I-405, comprises a 34,000-square-foot industrial flex building on 1.5 acres. It features two dock-high and five grade-level loading bays.
The property is fully leased to four tenants, with all leases expiring by September 2028. The estimated stabilized capitalization rate for the acquisition stands at 6.4%.
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This cap rate reflects annualized cash-based net operating income ...