- Terreno Realty Corporation (NYSE:TRNO) has acquired an industrial property in Washington, D.C., for a purchase price of ~$13.4 million.
- The property consists of one newly constructed industrial distribution building containing approximately 33,000 square feet on 1.3 acres.
- TRNO held cash and equivalents of $11.05 million as of March 31, 2023.
- Also Read: Toast, Terreno Realty, And This Consumer Products Maker Feature On CNBC’s ‘Final Trades’
- The property provides two dock-high and five grade-level loading positions and parking for 23 cars and is 100% leased, and the estimated stabilized cap rate is 5.3%.
- Price Action: TRNO shares are trading lower by 1.41% at $59.59 on the last check Wednesday.
What’s Going On With Western Alliance Stock (WAL)?
Western Alliance Bancorporation (NYSE: WAL) shares are trading lower by 2.73% to $47.03 during Tuesday's session.
