US industrial real estate investor Terreno Realty Corporation has sold a portfolio of six properties located in Doral, Florida for $82.3m (€71.2m) to an unnamed buyer.
Terreno has sold the 302,000sqft portfolio, which it acquired on 22 May 2013, for $23.7m.
The portfolio, 91% leased to 21 tenants at the time of sale, generated an unleveraged internal rate of return of 14.7%, the company said.
Terreno Realty Corporation acquires, owns and operates industrial real estate across six coastal US markets: New York City/Northern New Jersey; Los Angeles; Miami; San Francisco Bay Area; Seattle; and Washington, DC.
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