Terreno Realty Corporation Sells 231000 SF Industrial Park In Gardena For $44M

Terreno Realty Corporation sold an industrial park located at 1855 West 139th Street in Gardena, California, for $44,000,000. The asset encompasses 231,000 square feet, resulting in a price per square foot of $190. The property is leased to Z Gallerie and is strategically situated near major highways and Los Angeles International Airport (LAX).

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $44,000,000
• Square Footage: 231,000
• Price per Square Foot: $190
• Address: 1855 West 139th Street
• Market: Gardena
• Seller: Blake Baird - Terreno Realty Corporation

This transaction marks a significant move in Terreno Realty's broader divestment strategy across major coastal industrial markets. The company previously acquired the asset for $37.6 million in 2017, indicating a notable appreciation in value over the years.