San Francisco based Terreno Realty Corporation has acquired an industrial building in Meledy, Fl for $8.5 million, or $95.50 per square foot. Located at 8105 NW 77th Street and 7999 NW 81st Place, the warehouse has 30 dock-high and two grade-level loading positions, parking for 82 cars and is leased to a single tenant. The property consists of two industrial buildings totaling 89,000 square feet that sit on 4.7 acres located four miles from the Miami International Airport. The estimated stabilized cap rate of the property is 5.5%.
