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Terreno Realty Corp. Buys Vacant Fremont Industrial Bldg. for $7.3 Million

New Owner to Renovate Industrial Distribution Bldg. Formerly Home to American Furniture Rentals
September 29, 2017
Terreno Realty Corp. (NYSE: TRNO), a San Francisco-based industrial real estate owner and investor of properties located in six major U.S. coastal markets, expanded its holdings in Northern California with the purchase of 45861-45873 Hotchkiss St. in Fremont, CA for $7.3 million, or about $178 per square foot.

Formerly home to American Furniture Rentals, Terreno plans to renovate the vacant 40,830-square-foot industrial distribution building, adding more dock-high and grade-level loading positions along with expanding parking to 112 cars.

Mark Dowling of Cushman & Wakefield represented the seller in negotiations, while Terreno negotiated the deal in-house.

Please refer to CoStar Comp #4015179 for more information on this transaction.
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