Terreno Realty Acquires Industrial Property in Alexandria for Approximately $13M
Terreno Realty Corporation acquired an industrial property located in Alexandria, Virginia on June 15, 2026 for a purchase price of approximately $13M. The property consists of one industrial distribution building containing approximately 50,000 square feet on 2.8 acres. The property is at 5751 General Washington Drive, adjacent to the intersection of I-95 and I-495, and provides eight dock-high and one grade-level loading positions and parking for 73 cars. The building is 77% leased to three tenants. The estimated stabilized cap rate is 5.0%.