Terreno Realty (TRNO) said Friday it has bought an industrial property in Long Island City Queens, New York, for about $7.6 million.
The asset is an industrial distribution building with 17,000 square feet, the company said, adding the property is vacant and the estimated stabilized cap rate is 5.7%.
Price: 59.42, Change: -0.36, Percent Change: -0.60
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