Terreno Realty Corporation has picked up an industrial property located in Lanham, Maryland for a purchase price of approximately $6.7 million. The property consists of one rear-load industrial distribution building on a 5.8 acre site containing 45,000 sqf. Located at 9951 Business Parkway, the property is near the intersection of I-495 (the Capital Beltway) and I-595. The facility provides seven dock-high and four grade-level loading positions, parking for 81 cars, excess yard for trailer storage and is 100% leased to one tenant. The estimated stabilized cap rate of the property is 6.1%.
