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Thursday, November 5, 2026Commercial real estate news

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RATE WATCHDaily benchmarks 10-year Treasury4.84%-6 bpAs of Nov 5 5-year Treasury4.59%-10 bpAs of Nov 5 SOFR3.92%-2 bpAs of Nov 5 Effective Fed funds3.88%UnchangedAs of Nov 5

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Industrial property acquisition / NEWS

Terreno acquires D.C. distribution building for approximately $11.2 million

The property next to Terreno’s V Street portfolio is fully leased to one tenant through December 2028.

Adrian ColeInvestment SalesNovember 9, 2026 · 2 min read

Archival view of a large brick warehouse building on a Washington, D.C., street, with trees and parked vehicles. — An archival view of the Terminal Refrigerating and Warehouse Company building in Washington, D.C., before its renovation for use as the Museum of the Bible. The image is illustrative, not the property acquired by Terreno Realty. Archival illustrative photograph; not presented as the specific property in this report. Photo: Farragutful / Wikimedia Commons · CC BY-SA 3.0. Commons resize where applicable; CSS display crop. Adapted display remains under CC BY-SA 3.0.

Purchase and occupancy

Terreno Realty Corporation acquired 2910 V Street NE in Washington, D.C., on Nov. 5 for approximately $11.2 million, the company said in a Nov. 9 release. The seller was not identified in the announcement. Terreno Realty Corporation Acquires Property in Washington, D.C. for $11.2 Million

The one-acre property contains a single industrial distribution building of approximately 43,000 square feet. It is next to Terreno’s existing V Street portfolio. At the time of the announcement, the property was fully leased to one tenant, whose lease expires in December 2028. Terreno did not name the tenant. Terreno Realty Corporation Acquires Property in Washington, D.C. for $11.2 Million

Return estimate

Terreno put the acquisition’s estimated stabilized capitalization rate at 3.5%. The company said it calculates that measure using annualized cash-basis net operating income adjusted to market occupancy, generally 95%, and dividing it by total acquisition cost. Terreno Realty Corporation Acquires Property in Washington, D.C. for $11.2 Million

Under Terreno’s definition, acquisition cost encompasses the initial price as well as due diligence and closing costs, adjustments to the market value of any assumed debt, and estimated near-term capital and leasing costs needed to reach stabilization. The company cautioned that estimated stabilized cap rates depend on assumptions and are not guarantees of future performance. Its release did not disclose the individual cost components for the V Street purchase. Terreno Realty Corporation Acquires Property in Washington, D.C. for $11.2 Million

Terreno Realty Corporation industrial acquisition