Terreno Realty Announces Acquisition Of 36,000-Square-Foot Torrance, California Industrial Property For About $14.7M At Estimated 6.0% Stabilized Cap Rate
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Why It Matters
Terreno Realty bought a big warehouse building in California for about $15 million. When a company buys real estate that earns a steady return (6% cap rate means the money it makes from rents), it shows they think it's a solid, reliable investment.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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