Terreno Realty Corporation Acquires Property In Medley For $20 Million

Terreno Realty Corporation acquired an industrial property in Medley on July 5 for a purchase price of approximately $20 million.

The 6.7-acre improved land parcel at 8050 NW 90th Street is adjacent to the intersection of the Palmetto Expressway and West Okeechobee Road. The property is vacant and the estimated stabilized cap rate is 5.6%.

Terreno Realty Corporation acquires, owns and operates industrial real estate in six major coastal U.S. markets: Los Angeles; Northern New Jersey/New York City; San Francisco Bay Area; Seattle; Miami; and Washington, D.C.