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Terreno Realty Sells Class A Industrial Building in Capitol Heights

1000 Hampton Park Blvd. Trades for $20.3 Million
February 26, 2018
Terreno Realty Corp. (NYSE: TRNO), a San Francisco-based owner and operator of industrial properties in six major coastal markets, has shed one of its assets in suburban Washington, D.C.

Known as Steeplechase E, the 138,780-square-foot, single-story complex delivered in 2006 at 1000 Hampton Park Blvd. within the Steeplechase 95 International Business Park in Capitol Heights, MD. An unknown tenant currently occupies roughly 44 percent of the property.

Terreno Realty, which paid $18.1 million for the property back in May 2014,secured an estimated unlveraged internal rate of return of approxiamtely 6.9 percent, according to a release by the company.

Please see CoStar COMPS #4148537 for more information on this transaction.
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