San Francisco-based Terreno Realty Corp., an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, acquired an industrial property in Kent on April 13, for a purchase price of approximately $10 million.
The property consists of one industrial distribution building containing approximately 40,000 square feet and one flex building containing approximately 27,000 square feet on 4.4 acres, according to a company release. The property is at 21414 68th Ave. S., in the northern Kent Valley, provides 8 dock-high and five grade-level loading positions and parking for 105 cars.
The property is 100% leased to three tenants.
Terreno Realty’s markets include Los Angeles, Northern New Jersey/New York City, San Francisco Bay Area, Seattle, Miami and Washington, D.C. The company, which has an office in Bellevue, has made several property purchases in Kent over the years.