Terreno Realty (TRNO) said on Thursday morning it has acquired a 33,000-square-foot industrial distribution property on 1.5 acres in Redmond, Washington, for about $9.3 million.
The property is now fully leased on a short-term basis and will be renovated to become a 26,000-square-foot building after the existing tenant leaves, the company said.
The acquisition costs include the initial purchase price along with the impact of marking assumed debt to market, due diligence, closing costs and estimated near-term capital expenditures and leasing expenses, the company added.
The transaction closed on Wednesday, Terreno said.
Terreno shares were down 2.8% in recent trading.
Price: 54.28, Change: -1.55, Percent Change: -2.78
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。