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Terreno Realty Corporation Acquires Property in Hialeah Gardens, FL for $56.3 Million

TRNO
  • Terreno Realty Corporation acquired an industrial property in Hialeah Gardens, Florida, on June 17, 2026, for approximately $56.3 million.
  • The property is a 98,000-square-foot distribution building situated on 16.8 acres at 10910 NW 144th Street.
  • The site features nine dock-high & six grade-level loading positions, parking for 596 cars, & is 100% leased to a leading e-commerce firm.
  • The acquisition is located adjacent to the intersection of Florida's Turnpike & Okeechobee Road with an estimated stabilized cap rate of 5.0%.
  • Terreno Realty operates industrial real estate in six major coastal U.S. markets: New York City/Northern New Jersey, Los Angeles, Miami, San Francisco Bay Area, Seattle, & Washington, D.C.
  • The press release includes forward-looking statements regarding management's beliefs & assumptions that are subject to risks & uncertainties, including potential variances in stabilized cap rates.