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Terreno Realty Acquires Redmond Industrial Property for $8 Million

Terreno Realty logoTerreno Realty
Sig2.30Sen+2.20Env0.00Soc0.00Gov0.00

Terreno Realty closed the Aug. 19, 2026 acquisition of an industrial distribution building at 9680 153rd Avenue NE for $8 million on a 1.5-acre site. The property adjoins Terreno’s asset at 9660 153rd Avenue NE, expanding its Redmond presence with loading positions and parking. Terreno estimates a 5.9% stabilized cap rate and sees the deal fitting its industrial strategy in constrained coastal markets.

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