HIALEAH, FL – Acquirer, owner and operator, Terreno Realty Corp. has purchased an industrial property in Hialeah, FL for $74.1 million, net of free-rent credits.
The property comprises two recently-developed industrial distribution buildings that span 402,000 square feet across 19 acres of land. The rear-load properties offer 32-foot clear heights, 124 dock-high and four grade-level loading positions, and 328 parking spaces.
The property is expected to obtain LEED certification, and is 100% pre-leased to seven tenants. One of the leases is expected to commence in December 2021, with the remained of the leases to commence prior to June 30 2022.
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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.
