Terreno Realty Corporation acquired an industrial property located in Seattle, Washington on January 25, 2016 for a purchase price of approximately $6.5 million. The property consists of one industrial distribution building containing approximately 35,000 square feet on approximately 1.7 acres adjacent to Seattle's Port and SoDo district. The property is at 4930 3rd Avenue South, provides four dock-high and one grade level loading positions, parking for 37 cars, excess yard and is 100% leased to one tenant.

The estimated stabilized cap rate of the property is 6.3%.