SAN FRANCISCO--(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 Miami Lakes, Florida on July 23, 2020 for a sale price of approximately $22.2 million.

The property consists of one industrial distribution building containing approximately 192,000 square feet on 13.2 acres at 14100 NW 60th Avenue which is 100% leased to one tenant. The property was purchased by Terreno Realty Corporation on December 20, 2010 for approximately $7.8 million. The unleveraged internal rate of return generated by the investment was 7.4%.

Terreno Realty Corporation acquires, owns and operates industrial real estate in six major coastal U.S. markets: Los Angeles; Northern New Jersey/New York City; San Francisco Bay Area; Seattle; Miami; and Washington, D.C.

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