Terreno Realty acquired an industrial property located in Doral, Florida for a purchase price of approximately $9.9 million. The property consists of one cross-dock industrial distribution building containing approximately 107,000 square feet on 5.0 acres in Miami's Airport West market. The property is at 10100 NW 25th Street, provides 25 dock-high and six grade-level loading positions and is 100% leased to one tenant.

The estimated stabilized cap rate of the property is 6.4%.