Terreno Realty Corp. (TRNO) said Monday that it acquired an industrial building containing approximately 110,000 square feet located in Tukwila, Washington on December 14, 2012 for a purchase price of approximately $8.0 million.
As part of the acquisition Terreno Realty Corporation assumed a mortgage loan with a total principal amount of approximately $5.0 million with a fixed annual interest rate of 6.31%. The mortgage loan has a maturity date of July 2016.
The building is at 17600 West Valley Highway in the northern Kent Valley submarket, approximately three miles from Sea-Tac International Airport, adjacent to Interstate Highways 5 and 405 and 100% leased to six tenants. The estimated stabilized cap rate of the property is 6.3%.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.