Terreno Realty Corporation Acquires Industrial Property In Los Angeles For $17M

Terreno Realty Corporation, represented by Blake Baird, has acquired an industrial property in Los Angeles, CA. The property is located at 5401 West 104th Street and spans approximately 1.8 acres. The transaction was completed on 11/01/2022 for a sale price of $17,000,000. The property offers a total square footage of 26,000, resulting in a price per square foot of $654.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $17,000,000
• Address: 5401 West 104th Street, Los Angeles, CA
• Market: Los Angeles, CA
• Acres: 1.8
• Buyer: Terreno Realty Corporation - Blake Baird
• Square Footage: 26,000
• Price per Square Foot: $654

The acquisition of the industrial property by Terreno Realty Corporation, represented by Blake Baird, marks a significant investment in the Los Angeles market. The transaction highlights the continued interest in industrial assets in the area, given the property's size and favorable price per square foot. It also showcases Terreno Realty Corporation's commitment to expanding its portfolio. This successful deal demonstrates the strength of the industrial real estate sector and the expertise of the involved parties in navigating complex transactions.