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Terreno Realty Corporation Acquires Industrial Property for $15M

Terreno Acquires Anaheim Industrial Property for $15M

San Francisco-based Terreno Realty Corporation has announced the acquisition of a vacant, industrial property in Anaheim, CA for $15 million. The 2.1-acre parcel is located at 1160 Fee Ana Street just north of the 91 Freeway and is surrounded by other industrial facilities. Terreno estimates the stabilized cap rate at 4.7%.

Terreno Realty is an industrial REIT with properties in six major coastal U.S. markets, including New York, Miami, Washington D.C., Seattle, Los Angeles and the Bay Area. The firm’s focus is to acquire infill properties in locations with strong demand and decreasing supply.

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Terreno Realty Corporation

About Mark Nieto

Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.

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