Terreno Realty Sells Lanham Industrial Building for $11.1M at 10.8% IRR
Terreno Realty sold a 56,000 sqft industrial building in Lanham, MD for $11.1 million on March 6, 2026, realizing a 10.8% unleveraged IRR on its $5.6 million 2013 acquisition. This disposal adds to $144.2 million of Q4 2025 sales and $386.4 million for 2025, enhancing liquidity for redeployment.
1. Sale Details
On March 6, 2026, Terreno Realty completed the sale of a 56,000 square foot light industrial building on 4.5 acres in Lanham, MD for $11.1 million, achieving a 10.8% unleveraged internal rate of return on its $5.6 million December 2013 purchase.
2. Portfolio Dispositions
This transaction follows $144.2 million of property sales in Q4 2025 and contributes to total dispositions of $386.4 million for the full year, with an additional $19.9 million under contract as of December 31, 2025.
3. Strategic Implications
The sale strengthens liquidity and financial flexibility, allowing Terreno to redeploy capital into higher-growth industrial markets and support long-term earnings, despite a temporary reduction in rental income from the divested asset.