Add as a preferred source on GoogleTerreno Realty Acquires South San Francisco Building for About $19 Million
The fully leased, 60,000-square-foot building sits on 2.1 acres and has an estimated stabilized cap rate of 4.8%.
Terreno Realty Corporation added a fully leased industrial property in South San Francisco to its Bay Area holdings, acquiring the site for about $19 million on Nov. 6.
The property at 233 East Harris Avenue includes a 60,000-square-foot building on 2.1 acres. It is located in the corridor between San Francisco International Airport and San Francisco.
One tenant leases the entire property. Terreno estimates a stabilized capitalization rate of 4.8% for the site.
The building has four dock-high loading positions, one van-high position and two grade-level positions. Parking is available for 57 cars.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.