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Terreno Realty Acquires Newark Industrial Property for $11.9 Million

9:58AM ET 5/20/2022 MT Newswires
Terreno Realty (TRNO) said Friday that it has acquired a 2.4-acre industrial property in Newark, New Jersey, for approximately $11.9 million.

The company said the property is 100% leased on a short-term basis to one tenant, with an estimated stabilized cap rate of 6.9%.

Price: 59.82, Change: +0.14, Percent Change: +0.23