HYATTSVILLE, Md. — Terreno Realty Corporation acquired an industrial property at 5000 Tuxedo Road in Hyattsville on Nov. 5 for approximately $23.1 million, the company announced Nov. 6. The seller was not named.
The property is a 36,000-square-foot building with 17 grade-level loading positions on a 6.1-acre parcel. It sits next to Terreno's 5380 Tuxedo Road property, near the intersection of U.S. Route 50 and the Baltimore-Washington Parkway, less than a mile outside Washington, D.C. The building is 100% leased to one tenant, not named in the release, and Terreno puts the estimated stabilized cap rate at 5.4%. The price works out to roughly $642 per square foot of building ($23.1 million ÷ 36,000 sq ft), a figure that reflects the 6.1 acres of land as much as the building. No jobs or investment beyond the purchase price are described.
ON THE RADAR: DEAL
Buyer: Terreno Realty Corporation (NYSE: TRNO)
Tenant: One tenant (not named)
Seller: Not named
Property: 5000 Tuxedo Road, Hyattsville, Md.; 36,000 sq ft building, 17 grade-level loading positions, 6.1 acres
Price: Approximately $23.1 million
Broker: None named
Type: Acquisition (leased industrial)
Announced: Nov. 6, 2026 (closed Nov. 5)