{"id":1004194687,"date":"2017-10-23T12:05:57","date_gmt":"2017-10-23T20:05:57","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004194687"},"modified":"2022-12-07T07:48:07","modified_gmt":"2022-12-07T15:48:07","slug":"terreno-arranges-100-ksf-san-leandro-lease","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/terreno-arranges-100-ksf-san-leandro-lease\/","title":{"rendered":"Terreno Arranges 100 KSF San Leandro Lease"},"content":{"rendered":"<p>By Alex Ciorogar<\/p>\n<div id=\"attachment_1004194700\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/Terreno1.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004194700\" data-attachment-id=\"1004194700\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/terreno-arranges-100-ksf-san-leandro-lease\/terreno1\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/Terreno1.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Alexandru Ciorogar&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1508760578&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Terreno(1)\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;2062 and 2091 West Ave. 140th in San Leandro, Calif.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/Terreno1.jpg?w=800\" class=\"wp-image-1004194700 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/Terreno1.jpg\" alt=\"2062 and 2091 West Ave. 140th in San Leandro, Calif.\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/Terreno1.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/Terreno1.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/Terreno1.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004194700\" class=\"wp-caption-text\">2062 and 2091 West Ave. 140th in San Leandro, Calif.<\/p><\/div>\n<p>Terreno Realty Corp. completed the renovation and leasing of two <a href=\"https:\/\/www.commercialsearch.com\/news\/cbre-leases-san-leandros-1st-new-industrial-development-in-15-years\/\">industrial distribution buildings<\/a> in San Leandro, Calif. Spreading over a 8.2-acre site,\u00a0the 100,000-square-foot properties are located at 2062 and 2091 West Ave. 140<sup>th<\/sup>.<\/p>\n<p>A 68,662-square-foot asset was leased to a third-party logistics provider through January 2023, while the other 31,832-square-foot property was rented by an equipment rental company through April 2027.<\/p>\n<p>Calculated as an annualized cash basis net operating income stabilized to market occupancy divided by the total acquisition cost, the estimated stabilized cap rate of the property is 5.3 percent. Total acquisition cost includes the initial purchase price, the buyer\u2019s due diligence and closing costs, estimated near-term capital expenditures and leasing costs necessary to achieve stabilization.<\/p>\n<p>The Oakland International Airport is three miles south. \u00a0<\/p>\n<p><em>Images via Google Street View<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company facilitated a 120-month lease of two industrial assets spread over more than eight acres, to a third-party logistics provider and an equipment rental company. <\/p>\n","protected":false},"author":928,"featured_media":1004194700,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21748,21742,1609,15],"tags":[33863],"class_list":["post-1004194687","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-industrial","category-latest","category-san-francisco","category-west","tag-terreno-realty-corporation"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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