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24

Terreno Realty Acquires 1MSF South Bay Industrial Property

By Tony Seruga

The 1989 property in Lynwood consists of three buildings just off Interstate 105 and is fully ground leased.

Terreno Realty Corp. acquired a one million-square-foot industrial property in the South Bay submarket of Los Angeles for $31.4 million. According to Yardi Matrix, the property was owned by Comstock Homes. The estimated stabilized cap rate of the property is 3.9 percent…

Terreno Realty Acquires 1MSF South Bay Industrial Property

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