SAN FRANCISCO--(BUSINESS WIRE)--Terreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, sold two industrial properties located in Maryland’s Baltimore/Washington Corridor on August 10, 2017 for a sale price of approximately $40.5 million.

The properties consist of one industrial building containing approximately 99,000 square feet on approximately 12.6 acres at 8730 Bollman Place in Savage, Maryland which is 100% leased to one tenant and two industrial buildings containing approximately 349,000 square feet on approximately 17.9 acres at 6675 Amberton Drive and 6660 Santa Barbara Road (“Route 100”) in Elkridge, Maryland which are 100% leased to 11 tenants. Bollman Place was purchased by Terreno Realty Corporation June 24, 2011 for approximately $7.5 million. The estimated unleveraged internal rate of return generated by the investment was approximately 12.4%. Route 100 was purchased by Terreno Realty Corporation June 12, 2013 for approximately $16.7 million. The estimated unleveraged internal rate of return generated by the investment was approximately 15.7%.

Terreno Realty Corporation acquires, owns and operates industrial real estate in six major coastal U.S. markets: Los Angeles; Northern New Jersey/New York City; San Francisco Bay Area; Seattle; Miami; and Washington, D.C.

Additional information about Terreno Realty Corporation is available on the company’s web site at www.terreno.com.