Updated Dec 4, 2024
Terreno Realty Corp Acquires Industrial Property In Bellevue, Washington For $6.5M
13045 Southeast 32nd Street
$6,500,000
$406/SF
Building Size
16,010 SF
Asset Type
Industrial
Closing
Jan 8, 2024
About this deal
AI
Terreno Realty Corporation (NYSE: TRNO) recently acquired an industrial property in Bellevue, Washington, for approximately $6.5 million. The property is located at 13045 Southeast 32nd Street and spans 1.8 acres. With a total area of 16,010 square feet, the industrial asset was sold at a rate of $406 per square foot.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $6,500,000
- Square Footage: 16,010
- Address: 13045 Southeast 32nd Street, Bellevue, WA
- Market: Bellevue, WA
Blake Baird, representing Terreno Realty Corporation, acted as the buyer in this transaction. This acquisition showcases Terreno Realty Corporation's investment strategy in acquiring industrial properties in desirable locations. The deal highlights the company's commitment to expanding its portfolio and maximizing returns for its shareholders.
On the Map
$6,500,000
$406/SF
Industrial
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Bellevue Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.44%
Cash-on-Cash
-0.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93