09:51 AM EST, 12/06/2024 (MT Newswires) -- Terreno Realty ( TRNO ) said Friday it has bought an industrial property in Long Island City Queens, New York, for about $7.6 million.

The asset is an industrial distribution building with 17,000 square feet, the company said, adding the property is vacant and the estimated stabilized cap rate is 5.7%.

Price: 59.42, Change: -0.36, Percent Change: -0.60