Terreno Realty Acquires Property in South San Francisco

Core Insights - Terreno Realty Corporation (TRNO) has acquired an industrial property in South San Francisco for approximately $10.2 million, which will support the company's growth strategy by enhancing its portfolio [1][8] - The newly acquired property spans around 32,000 square feet and is fully leased through October 2025, with an estimated stabilized cap rate of 5.8% [2][8] - TRNO is actively expanding its portfolio, having recently acquired additional industrial properties in Woodinville, WA, for about $232.6 million and in Redondo Beach, CA, for around $35.5 million [3][8] Market Position - TRNO is strategically positioned to enhance its presence in six major coastal U.S. markets, including New York City/Northern New Jersey, Los Angeles, Miami, San Francisco Bay Area, Seattle, and Washington, D.C., which exhibit strong demographic trends and demand for industrial real estate [4] - The national industrial vacancy rates remain near historic lows in key logistics hubs, indicating that TRNO is well-positioned for steady rent growth and high occupancy levels [5] Performance Metrics - TRNO's shares have increased by 10.8% over the past month, outperforming the industry's growth of 3.7% [5]