Terreno Realty Corporation announced the successful sale of an industrial distribution property in Fairfield, for approximately $8.8 million. The transaction was finalized on Sept. 25.
The property features a vacant 31,000-square-foot industrial distribution building situated on a 2.2-acre site within the New York City/Northern New Jersey market.
Investment highlights
- Initial Acquisition: Purchased by Terreno Realty on July 23, 2013, for $2.8 million.
- Sale Price: Approximately $8.8 million generated on September 25, 2026.
- Return on Investment: Achieved an unleveraged internal rate of return (IRR) of 11.9% over the holding period.
Terreno Realty Corporation specializes in the acquisition, ownership, and operation of industrial real estate across six major coastal U.S. markets, including Northern New Jersey, Los Angeles, Miami, San Francisco, Seattle, and Washington, D.C.
