MIAMI LAKES, FL – Terreno Realty Corp. has sold a 192,000-square-foot, industrial distribution property in Miami Lakes, FL, for $22.2 million.
The property is currently fully-leased to one tenant.
Situated on 13.2 acres of land, the industrial distribution building is located at 14100 NW 60th Ave.
Terreno Realty Corp. initially purchased the property in December 2010 for $7.8 million. The investment's unleveraged, internal return rate was 7.4%.
Terreno Realty Corp. currently acquires, owns and operates industrial real estate properties throughout six coastal US markets, including Los Angeles, northern New Jersey/New York City, the San Francisco Bay Area, Seattle, Miami and Washington DC.
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Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
