Terreno Realty Corp. (TRNO) said that it acquired a property containing approximately 186,000 square feet within three industrial buildings located in Carson, California on December 20, 2012 for a purchase price of approximately $12.75 million.
The buildings are at 17110, 17120 and 17180 South Main Street in the South Bay submarket, adjacent to CA Highway 91 and I-110, approximately midway between Los Angeles International Airport and the Ports of LA and Long Beach. The approximately 9.6 acre site is 100% ground leased until June 30, 2015. The ground lease payment provides an actual cap rate of 0.3%. After expiration of the ground lease the estimated stabilized cap rate of the property is 8.4%.
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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.