San Francisco-based Terreno Realty Corp., keeps buying more and more industrial property in the Kent Valley.<\/p>\n<\/p>\n
Terreno, an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, purchased its sixth industrial property in five years in Kent.<\/p>\n<\/p>\n
The company paid about $12.3 million, including the assumption of a mortgage loan with a principal balance of approximately $4.8 million, for four distribution buildings, according to a Terreno media release. The buildings cover about 138,000 square feet on nearly 7.6 acres from 22402 to 22446 72nd Ave. S<\/a>.<\/p>\n<\/p>\n The buildings feature 50 dock-high and 18 grade-level loading positions, parking for 166 cars and is 94 percent leased to 13 tenants.<\/p>\n<\/p>\n The acquisition cost includes the initial purchase price, the effects of marking assumed debt to market, buyer\u2019s due diligence and closing costs, estimated near-term capital expenditures and leasing costs necessary to achieve stabilization.<\/p>\n<\/p>\n Terreno owns industrial real estate in Los Angeles; Northern New Jersey\/New York City; San Francisco Bay Area; Seattle; Miami; and Washington, D.C.\/Baltimore.<\/p>\n<\/p>\n For more information, go to terreno.com.<\/p><\/p>\n","protected":false},"excerpt":{"rendered":" San Francisco-based Terreno Realty Corp., keeps buying more and more industrial property in the Kent Valley.<\/p>\n","protected":false},"author":212,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"yst_prominent_words":[],"class_list":["post-20009","post","type-post","status-publish","format-standard","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/www.kentreporter.com\/wp-json\/wp\/v2\/posts\/20009"}],"collection":[{"href":"https:\/\/www.kentreporter.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.kentreporter.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.kentreporter.com\/wp-json\/wp\/v2\/users\/212"}],"replies":[{"embeddable":true,"href":"https:\/\/www.kentreporter.com\/wp-json\/wp\/v2\/comments?post=20009"}],"version-history":[{"count":0,"href":"https:\/\/www.kentreporter.com\/wp-json\/wp\/v2\/posts\/20009\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.kentreporter.com\/wp-json\/wp\/v2\/media?parent=20009"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.kentreporter.com\/wp-json\/wp\/v2\/categories?post=20009"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.kentreporter.com\/wp-json\/wp\/v2\/tags?post=20009"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/www.kentreporter.com\/wp-json\/wp\/v2\/yst_prominent_words?post=20009"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}