Terreno Sells Metro LA Industrial Park for $44M

Terreno Realty has sold a 231,000-square-foot industrial park containing two warehouses in Gardena, Calif., for $44 million.

The company paid $37.6 million for the asset in 2017. The campus debuted in several phases, with the last one coming online in 2003. Z Gallerie, a luxury home decor company, leases the property.

Located at 1855 W. 139th St., the park is about 14 miles southwest of downtown Los Angeles. Thoroughfares such as interstates 405, 105 and 110 run within 4 miles of the property. The Los Angeles international airport operates 8 miles away.

Terreno ramps up its divestment efforts

Terreno focuses on major coastal markets, including New York City and Northern New Jersey, Los Angeles, Miami, the Bay Area, Seattle and Washington, D.C., owning properties proximate to transportation infrastructure within infill supply-constrained submarkets with limited new industrial completions.

As of December 2025, the company owned 309 buildings totaling 19.8 million square feet across the U.S. Since its inception in 2010, the company sold 45 assets for roughly $1.1 billion, according to its annual SEC report.

Just last year, the company sold eight properties, or nearly one-fifth of its lifetime disposition count, the same report shows. The sold assets commanded a combined $386.4 million, including two metro Los Angeles industrial parks that traded for a total of $108 million.

The City of Angels’ industrial investment volume clocked in at $2.3 billion in 2025, according to a Yardi Matrix report. Assets changed hands on average for $279 per square foot, pricing out other coastal markets such as the Bay Area ($244), New Jersey ($226 per square foot) and Seattle ($209).