Terreno Realty Corporation Sells Property in Gardena, CA for $44.0 Million

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unleveraged internal rate of return financial

Unleveraged internal rate of return is the annualized percentage return a project or asset produces when measured using only its own cash flows, without any borrowed money or interest costs included. It matters to investors because it shows the pure operational profitability of an investment—like checking a car’s fuel efficiency without considering a loan—so different opportunities can be compared on a level playing field.

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BELLEVUE, Wash.--(BUSINESS WIRE)-- Terreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, sold an industrial property located in Gardena, California on March 18, 2026 for a sale price of approximately $44.0 million.

The property consists of two industrial distribution buildings containing 231,000 square foot on 11.1 acres which is currently under redevelopment. The property was purchased by Terreno Realty Corporation on December 15, 2017 for $37.6 million. The unleveraged internal rate of return generated by the investment was 6.3%.

Terreno Realty Corporation acquires, owns and 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; and Washington, D.C.

Additional information about Terreno Realty Corporation is available on the company’s web site at www.terreno.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the federal securities laws. We caution investors that forward-looking statements are based on management’s beliefs and on assumptions made by, and information currently available to, management. When used, the words “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “project,” “result,” “should,” “will,” “seek,” “target,” “see,” “likely,” “position,” “opportunity,” “outlook,” “potential,” “enthusiastic,” “future” and similar expressions which do not relate solely to historical matters are intended to identify forward-looking statements. These statements are subject to risks, uncertainties, and assumptions and are not guarantees of future performance, which may be affected by known and unknown risks, trends, uncertainties, and factors that are beyond our control, including risks related to our ability to meet our estimated forecasts related to stabilized cap rates and those risk factors contained in our Annual Report on Form 10-K for the year ended December 31, 2025 and our other public filings. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated, or projected. We expressly disclaim any responsibility to update our forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law. Accordingly, investors should use caution in relying on past forward-looking statements, which are based on results and trends at the time they are made, to anticipate future results or trends.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260317790474/en/

Terreno Realty Corporation
Jaime Cannon
415-655-4580

Source: Terreno Realty Corporation