Terreno Realty Corp. has acquired a large, industrial property in Auburn, for approximately $9.5 million, according to a company news release.
The firm officialy bought the land on Wednesday.
The property consists of one industrial building containing approximately 70,000 square feet on approximately 3.9 acres adjacent to the Valley Freeway, State Route 167. The property, at 1620 Industry Drive SW, provides 13 dock-high and seven grade-level loading positions, parking for 37 cars and is 100 percent leased to six tenants, according to the news release.
Terreno Realty Corp., acquires, owns and operates industrial real estate in six major coastal U.S. markets, including Seattle.