US industrial real estate firm Terreno Realty Corporation has acquired the Terreno Doral Air Logistics industrial property in Florida for $195.6m (€188.2m).
The property at 7725-7785 NW 41st Street in Doral consists of three 36-foot clear height rear-load industrial distribution buildings containing approximately 495,000sqft on 23.4 acres.
Terreno Realty said the property is 76% leased to six tenants and the estimated stabilised cap rate is 4.6%.
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