WASHINGTON — Terreno Realty Corporation acquired an industrial property at 2910 V Street NE in Washington, D.C., on Nov. 5 for approximately $11.2 million, the company announced Nov. 9. The seller was not named.
The property has approximately 43,000 square feet of building on 1.0 acre. It is 100% leased to one tenant, not named in the release, under a lease that expires in December 2028, and Terreno puts the estimated stabilized cap rate at 3.5%. The price works out to about $260 per square foot of building ($11.2 million ÷ 43,000 sq ft). The release describes no jobs or investment beyond the purchase price.
ON THE RADAR: DEAL
Buyer: Terreno Realty Corporation (NYSE: TRNO)
Tenant: One tenant (not named); lease expires December 2028
Seller: Not named
Property: 2910 V Street NE, Washington, D.C.; approximately 43,000 sq ft on 1.0 acre
Price: Approximately $11.2 million
Broker: None named
Type: Acquisition (leased industrial)
Announced: Nov. 9, 2026 (closed Nov. 5)