Terreno Realty Corporation Acquires Industrial Property In Alexandria, VA For $84.3M

The industrial property located at 6584-6674 Fleet Drive in Alexandria, VA, spanning 19.1 acres, was acquired by Terreno Realty Corporation for a total of $84,300,000. This property consists of four distribution buildings totaling 357,000 square feet, fully leased to 21 tenants with leases expiring by 2031. Additionally, the property offers 67 dock-high and 38 grade-level loading positions.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $84,300,000
• Address: 6584-6674 Fleet Drive
• Market: Alexandria, VA
• Square Footage: 357,000
• Price per Square Foot: $236
• Acres: 19.1
• Buyer: Terreno Realty Corporation

The deal's key individuals involved in this transaction include Terreno Realty Corporation as the buyer. The property was fully leased to 21 tenants with leases expiring by 2031, providing a stable income stream for the buyer. Moreover, the industrial property's location in Alexandria, VA, a prime market for industrial real estate, adds to its investment appeal.