GCP Purchases Jessup Warehouse for $7.5 Million

Terreno Realty Corporation, an acquire, owner and operator of industrial real estate in six major coastal U.S. markets, sold an industrial property located in Jessup, Maryland on October 31, 2019 for a sale price of approximately $7.5 million.

The property consists of one industrial distribution building containing approximately 88,000 square feet on 5.9 acres at 8215 Dorsey Run Road. The property was purchased by Terreno Realty Corporation November 15, 2013 for approximately $6.0 million. The estimated unleveraged internal rate of return generated by the investment was approximately 7.5%


Experienced Transaction Professionals

GCP has negotiated commercial real estate deals utilizing numerous structures and partners, transacting with institutions, private investors and lenders alike.