Terreno Realty Corporation has acquired a fully leased industrial distribution facility located at 201-395 Mendell Street in San Francisco, CA. The asset covers 3.8 acres and offers 65,000 square feet of industrial space. The sale price was $25,900,000, equating to a price per square foot of $398.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $25,900,000
• Address: 201-395 Mendell Street
• Market: San Francisco, CA
• Square Footage: 65,000
• Price per Square Foot: $398
• Buyer: Blake Baird
• Buyer's Company: Terreno Realty Corporation
• Lease Status: 100% leased to four tenants through 2031
• Property Size: 3.8 acres

The transaction was facilitated with Blake Baird representing Terreno Realty Corporation, which aims to expand its Bay Area logistics portfolio through strategic investments in high-barrier coastal markets that exhibit strong long-term demand and limited supply.