India, June 23 -- Terreno Realty Corporation (TRNO), a company focused on acquiring, owning, and operating industrial real estate in six major coastal U.S. markets, announced the acquisition of an industrial property in Santa Ana, California, on June 20, 2025, for approximately $49.5 million.
The property includes a 134,000-square-foot industrial distribution building situated on 12.1 acres of industrial-zoned land. It is fully leased to a leading home improvement retailer and currently functions as a retail location. Located at 3500 West MacArthur Boulevard, adjacent to I-405 in Orange County, the facility offers seven dock-high and three grade-level loading positions. The estimated stabilized capitalization rate for the acquisition is 5....