Terreno Realty Expands D.C. Footprint with $13M Alexandria Industrial Buy

Event summary

  • Terreno Realty acquired a 50,000 sq. ft. industrial property in Alexandria, VA for $13.0M on June 15, 2026.
  • The property is 77% leased to three tenants and has an estimated stabilized cap rate of 5.0%.
  • The site is located adjacent to I-95 and I-495, offering strategic logistics advantages.
  • Terreno focuses on industrial real estate in six major coastal U.S. markets.

The big picture

This acquisition reinforces Terreno's focus on high-barrier coastal markets with strong logistics infrastructure. The deal comes amid rising demand for industrial space near major transportation hubs, particularly in the D.C. metro area. With $13M in play, it represents a moderate-scale move for Terreno, which has consistently targeted strategic infill locations.

What we're watching

Portfolio Optimization
How Terreno will integrate this acquisition into its existing D.C. portfolio and whether it signals further expansion in the region.
Cap Rate Sustainability
Whether the 5.0% stabilized cap rate reflects broader market trends or Terreno-specific positioning.
Leasing Momentum
The pace at which Terreno can achieve full occupancy (95% target) at this property.

Related topics

Acquisition