10:33 AM EDT, 05/27/2025 (MT Newswires) -- Terreno Realty ( TRNO ) said Tuesday it sold an industrial property in Commerce, California, for about $97 million on May 22.

The site includes five multi-tenant buildings, 99% leased to 12 tenants, covering roughly 545,000 square feet across 24 acres, the company said.

Terreno originally bought the property in 2012 for $52.4 million, it added.

The sale generated an unleveraged internal rate of return of 9.5%, according to the company.

Price: 55.66, Change: +0.51, Percent Change: +0.92