Terreno Realty Buys $49.5M Santa Ana Property
Slice of Real Estate Team
06/27/2025
Key highlights
- $49.5 million acquisition of 134,000-sq-ft industrial building
- Located in Santa Ana, CA, near I-405 in Orange County
- 100% leased to a major home improvement retailer
- 5.7% estimated stabilized cap rate
- 12.1 acres of industrial-zoned land with 10 loading positions
Source: Business Wire
No quotes were given.
Why This Matters
This acquisition reinforces Terreno Realty Corporation’s commitment to expanding its strategic footprint in top-tier coastal industrial markets. The Santa Ana location, fully leased to a prominent retailer, not only enhances their Southern California portfolio but also aligns with the company’s targeted investment approach focused on high-occupancy, high-demand areas. With a solid cap rate and prime positioning near major transportation routes, the deal represents a significant step in delivering long-term value to shareholders.
