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Key Terms<\/p>\n
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\n stabilized cap rate
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\n financial
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Stabilized cap rate is the annual income a property is expected to generate after normal operating expenses \u2014 assuming typical occupancy and renting levels \u2014 expressed as a percentage of its value. It matters to investors because it acts like a yield or interest rate for real estate, letting them compare expected returns and risk across properties or investments much like comparing bond yields or a price-to-earnings ratio for stocks.<\/p>\n
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\n net operating income
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\n financial
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Net operating income is the profit a business makes from its core operations after subtracting the costs directly related to running those operations, but before accounting for taxes, interest, or other expenses. It shows how efficiently a company is generating income from its main activities. Investors use this figure to assess the company’s operational performance and profitability.<\/p>\n
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\n dock-high
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\n technical
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A dock-high loading area is a warehouse or distribution door built at a standard elevated height so truck trailers sit level with the warehouse floor for direct loading and unloading. Think of it like a raised driveway that lets forklifts roll straight into a van instead of using a ramp. Investors care because dock-high facilities move goods faster, reduce labor and equipment needs, and are more attractive to tenants, all of which affect operating costs and property value.<\/p>\n
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See more from StockTitan in Google Search and AI answers.
\n Adds StockTitan as a preferred source \u00b7 opens Google\n <\/p>\n
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\n 06\/18\/2026 – 09:15 AM
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BELLEVUE, Wash.–(BUSINESS WIRE)– Terreno Realty Corporation (NYSE:TRNO<\/a>), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, acquired an industrial property located in Hialeah Gardens, Florida on June 17, 2026 for a purchase price of approximately $56.3 million.<\/p>\n The property consists of one industrial distribution building containing approximately 98,000 square feet on 16.8 acres. The property is at 10910 NW 144th Street, adjacent to the intersection of Florida\u2019s Turnpike and Okeechobee Road, and provides nine dock-high and six grade-level loading positions and parking for 596 cars. The building is 100% leased to a leading e-commerce firm. The estimated stabilized cap rate is 5.0%.<\/p>\n Estimated stabilized cap rates are calculated as annualized cash basis net operating income stabilized to market occupancy (generally 95%) divided by total acquisition cost. Total acquisition cost includes the initial purchase price, the effects of marking assumed debt to market, buyer\u2019s due diligence and closing costs, estimated near-term capital expenditures and leasing costs necessary to achieve stabilization.<\/p>\n Terreno Realty Corporation acquires, owns and operates industrial real estate in six major coastal U.S. markets: New York City\/Northern New Jersey, Los Angeles, Miami, San Francisco Bay Area, Seattle and Washington, D.C.<\/p>\n