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Terreno Realty Sells Industrial Property In Fairfield, New Jersey, For ~$8.8M
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The property consists of a 31,000 square foot industrial distribution building on 2.2 acres which is vacant. The property was purchased by Terreno Realty Corporation on July 23, 2013 for $2.8 million. The unleveraged internal rate of return generated by the investment was 11.9%.

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