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Schedule III Real Estate Investments and Accumulated Depreciation
 12 Months Ended
Dec. 31, 2024
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Abstract]  
Schedule III Real Estate Investments and Accumulated Depreciation
Schedule III
Real Estate Investments and Accumulated Depreciation
As of December 31, 2024
(in thousands)
    Initial Cost
to Company		Costs
Capitalized
Subsequent
to
Acquisition
Gross Amount Carried
at December 31, 2024
   
Property NameNo. of
Bldgs.		LocationEncumbrancesLandBuildings &
Improvements		LandBuildings &
Improvements		TotalAccumulated
Depreciation		Year
Acquired		Year
Constructed
Los Angeles
104th Street1 Los Angeles, CA$— $3,701 $976 $175 $3,701 $1,151 $4,852 $215 20171951
5401 West 104th St1 Los Angeles, CA— 15,721 1,463 164 15,721 1,627 17,348 99 20221951
139th Street— Carson, CA— — 15,783 340 — 16,123 16,123 9,150 20171965/2003
630 Glasgow1 Inglewood, CA— 2,245 1,855 846 2,245 2,701 4,946 1,044 20111988
747 Glasgow1 Inglewood, CA— 1,759 1,555 475 1,759 2,030 3,789 765 20141981
1150 & 1250 W. Trenton Ave2 Orange, CA— 7,491 2,488 — 7,491 2,488 9,979 237 20211980 & 1971
13020 & 13030 Cerise2 Hawthorne, CA— 6,986 1,371 2,002 6,986 3,373 10,359 240 20211956 & 1958
13025 Cerise1 Hawthorne, CA— 6,864 1,330 103 6,864 1,433 8,297 125 20211955
1201 Foothill Boulevard1 Azusa, CA— 3,091 941 1 3,091 942 4,033 17 20241987
1335 Foothill Boulevard1 Azusa, CA— 3,368 2,774 139 3,368 2,913 6,281 46 20241987
1355-1365 Foothill Boulevard1 Azusa, CA— 5,145 2,729 151 5,145 2,880 8,025 47 20241987
16009-16019 Foothill Boulevard1 Irwindale, CA— 4,983 2,512 59 4,983 2,571 7,554 43 20241985
16033-16037 Foothill Boulevard1 Irwindale, CA— 4,075 2,567 59 4,075 2,626 6,701 44 20241985
16057-16059 Foothill Boulevard1 Irwindale, CA— 3,982 2,297 59 3,982 2,356 6,338 39 20241985
14611 Broadway1 Gardena, CA— 4,757 1,243 1,612 4,757 2,855 7,612 1,595 20131962
4857 W 147th St1 Hawthorne, CA— 6,185 8,817 846 6,185 9,663 15,848 31 20221967
3660 Fee Ana— Anaheim, CA— 14,213 1,147 1,211 14,213 2,358 16,571 236 20221966/1993
19601 Hamilton1 Torrance, CA— 7,409 4,072 1,882 7,409 5,954 13,363 2,394 20111985
735-751 Todd Avenue1 Azusa, CA— 6,176 1,478 76 6,176 1,554 7,730 25 20241987
8320-8400 Isis Avenue1 Los Angeles, CA— 14,963 3,429 230 14,963 3,659 18,622 264 20221979
332 Hindry Avenue1 Inglewood, CA— 6,977 2,800 412 6,977 3,212 10,189 227 20221983
709 Hindry1 Inglewood, CA— 2,105 2,972 663 2,105 3,635 5,740 872 20161984
Acacia1 Compton, CA— 5,143 1,985 511 5,143 2,496 7,639 633 20171972
Anderson5 Los Angeles, CA— 17,095 1,271 5,330 17,095 6,601 23,696 1,009 20191912-1987
Aviation— Inglewood, CA— 9,544 498 1,685 9,544 2,183 11,727 292 20202013
Ceres Ave2 Los Angeles, CA— 4,825 2,833 107 4,825 2,940 7,765 250 20212015
Dominguez— Los Angeles, CA— 11,370 1,535 3,597 11,370 5,132 16,502 1,506 2017
3091 East Coronado St— Anaheim, CA— 7,140 464 239 7,140 703 7,843 109 20222017
    Initial Cost
to Company		Costs
Capitalized
Subsequent
to
Acquisition
Gross Amount Carried
at December 31, 2024
   
Property NameNo. of
Bldgs.		LocationEncumbrancesLandBuildings &
Improvements		LandBuildings &
Improvements		TotalAccumulated
Depreciation		Year
Acquired		Year
Constructed
Garfield5 Commerce, CA— 27,539 22,694 7,507 27,539 30,201 57,740 12,284 20122002
Gladwick1 Rancho Dominguez, CA— 11,636 5,998 341 11,636 6,339 17,975 932 20202009
Gramercy Place1 Torrance, CA— 4,846 1,503 455 4,846 1,958 6,804 270 20212015
Hawthorne8 Hawthorne, CA— 17,226 10,069 3,103 17,226 13,172 30,398 2,987 20171952/1986
Las Hermanas1 Compton, CA— 3,330 751 888 3,330 1,639 4,969 811 20141970
Lynwood3 Lynwood, CA— 43,885 — — 43,885 — 43,885 — 20171988
McLaren1 Irvine, CA— 7,459 668 — 7,459 668 8,127 96 20201982
Manhattan Beach1 Redondo Beach, CA— 7,874 5,641 1,936 7,874 7,577 15,451 2,593 20121963/1970
Maple— Rancho Dominguez, CA— 9,371 607 745 9,371 1,352 10,723 336 20201978
Maple II— Rancho Dominguez, CA— 14,102 183 495 14,102 678 14,780 273 2021
Maple III— Rancho Dominguez, CA— 24,728 1,637 2,016 24,728 3,653 28,381 4 2022
Porter1 Los Angeles, CA— 3,791 399 85 3,791 484 4,275 47 20201911 & 1968
San Pedro— Gardena, CA— 7,598 1,523 360 7,598 1,883 9,481 305 2021
Santa Fe2 Redondo Beach, CA— 37,049 5,560 87 37,049 5,647 42,696 192 20231968
Shoemaker— Santa Fe Springs, CA— 4,759 1,099 281 4,759 1,380 6,139 355 20181986/1997
Slauson— Santa Fe Springs, CA— 4,679 697 972 4,679 1,669 6,348 362 20191967/1973
19500 South Alameda St— Rancho Dominguez, CA— 30,176 2,364 292 30,176 2,656 32,832 201 20221982/1985
South Main2 Carson, CA— 16,371 7,045 17,452 16,371 24,497 40,868 9,464 2012/20142016
South Main III1 Gardena, CA— 11,521 12,467 1,079 11,521 13,546 25,067 2,942 20172016
Telegraph Springs2 Santa Fe Springs, CA— 7,063 7,236 747 7,063 7,983 15,046 1,873 20172007
Vermont1 Torrance, CA— 10,173 7,105 1,338 10,173 8,443 18,616 1,563 20181978
Walnut II1 Compton, CA— 6,097 5,069 986 6,097 6,055 12,152 1,366 20181969
New York City/Northern New Jersey
17 Madison1 Fairfield, NJ— 974 1,647 802 974 2,449 3,423 1,011 20131979
144-02 158th Street1 Jamaica, Queens, NY— 11,175 4,533 199 11,175 4,732 15,907 72 20241981
145-07 156th Street1 Jamaica, Queens, NY— 1,408 730 6 1,408 736 2,144 11 20241963
145-20 157th Street1 Jamaica, Queens, NY— 14,598 7,707 83 14,598 7,790 22,388 121 20241969
145-45 156th Street1 Jamaica, Queens, NY— 7,909 3,968 — 7,909 3,968 11,877 62 20241981
149-39 Guy R. Brewer Boulevard1 Jamaica, Queens, NY— 3,603 2,127 1 3,603 2,128 5,731 33 20241966
149-40 182nd Street1 Jamaica, Queens, NY— 4,066 1,450 10 4,066 1,460 5,526 23 20241989
154-09 146th Avenue1 Jamaica, Queens, NY— 9,478 1,782 19 9,478 1,801 11,279 29 20241994
156-15 146th Avenue1 Jamaica, Queens, NY— 1,675 226 93 1,675 319 1,994 7 20241983
179-02 150th Avenue1 Jamaica, Queens, NY— 17,837 8,625 9 17,837 8,634 26,471 135 20241970
179-15 149th Road1 Jamaica, Queens, NY— 3,894 1,382 1 3,894 1,383 5,277 22 20241969
182-09 149th Road1 Jamaica, Queens, NY— 10,350 4,042 30 10,350 4,072 14,422 64 20241982
182-17 150th Avenue1 Jamaica, Queens, NY— 25,274 2,841 275 25,274 3,116 28,390 48 20241984
    Initial Cost
to Company		Costs
Capitalized
Subsequent
to
Acquisition
Gross Amount Carried
at December 31, 2024
   
Property NameNo. of
Bldgs.		LocationEncumbrancesLandBuildings &
Improvements		LandBuildings &
Improvements		TotalAccumulated
Depreciation		Year
Acquired		Year
Constructed
181 Lombardy1 Brooklyn, NY— 9,124 2,986 435 9,124 3,421 12,545 64 20241940
195 Anderson Avenue1 Moonachie, NJ— 3,577 1,336 — 3,577 1,336 4,913 22 20241968
1C Terminal Way1 Avenel, NJ— 8,671 2,619 252 8,671 2,871 11,542 43 20241966
2AB Terminal Way1 Avenel, NJ— 11,778 10,531 17 11,778 10,548 22,326 168 20241970
2C Terminal Way1 Avenel, NJ— 6,466 5,208 10 6,466 5,218 11,684 83 20241966
22 Madison1 Fairfield, NJ— 1,365 1,607 1,209 1,365 2,816 4,181 799 20151979
280 Richards Street1 Red Hook, Brooklyn, NY72,879 86,446 79,653 — 86,446 79,653 166,099 83 20242021
48th 3rd and 286 Central1 Kearny, NJ— 12,061 1,664 1,768 12,061 3,432 15,493 529 20191978/1983
48-29 31st Pl1 Long Island City, Queens, NY— 5,750 1,946 81 5,750 2,027 7,777 2 20241965
49-15 Maspeth Ave1 Maspeth, Queens, NY— 42,560 7,258 — 42,560 7,258 49,818 7 20241966
4AB Engelhard1 Avenel, NJ— 13,164 8,894 16 13,164 8,910 22,074 142 20241966
8AB Engelhard1 Avenel, NJ— 11,688 10,763 900 11,688 11,663 23,351 181 20241966
9th Street1 Long Island City, NY— 18,410 5,116 5,271 18,410 10,387 28,797 734 20231939
49th Street1 Queens, NY— 21,674 2,999 1,435 21,674 4,434 26,108 1,423 20191966
50 Kero2 Carlstadt, NJ— 10,343 3,876 4,558 10,343 8,434 18,777 2,268 20171970
51 Kero— Carlstadt, NJ— 3,236 589 619 3,236 1,208 4,444 111 20191956-1966
74th North Bergen1 North Bergen, NJ— 2,933 1,817 1,204 2,933 3,021 5,954 1,032 20161973
81 N. Hackensack— Kearny, NJ— 25,901 — 1,263 25,901 1,263 27,164 465 2019
85 Doremus— Newark, NJ— 5,918 513 26 5,918 539 6,457 122 2018
87 Doremus— Newark, NJ— 21,595 550 764 21,595 1,314 22,909 68 2022N/A
127 Doremus— Newark, NJ— 12,111 430 520 12,111 950 13,061 127 2022N/A
97 Third Street— Kearny, NJ— 25,580 1,566 1,690 25,580 3,256 28,836 600 20211970
190 Morgan1 Brooklyn, NY— 4,363 249 1,137 4,363 1,386 5,749 246 20211969
341 Michele1 Carlstadt, NJ— 2,372 4,798 1,312 2,372 6,110 8,482 2,107 20131973
422 Frelinghuysen— Newark, NJ— 7,682 — 3,136 7,682 3,136 10,818 977 2017
465 Meadow1 Carlstadt, NJ— 713 1,618 346 713 1,964 2,677 608 20131972
550 Delancy1 Newark, NJ— 9,230 4,855 2,400 9,230 7,255 16,485 2,837 20131987
620 Division1 Elizabeth, NJ— 6,491 3,568 7,746 6,491 11,314 17,805 4,664 20111980
629 Henry1 Elizabeth, NJ— 13,734 1,690 394 13,734 2,084 15,818 174 20222004
900 Hart1 Piscataway, NJ— 3,202 3,866 1,951 3,202 5,817 9,019 2,094 20141983
901 North— Elizabeth, NJ— 8,035 913 1,100 8,035 2,013 10,048 872 20162016
228 North Ave1 Elizabeth, NJ— 40,671 5,218 1,683 40,671 6,901 47,572 884 20211975
256 Patterson Plank1 Carlstadt, NJ— 9,478 1,284 1,766 9,478 3,050 12,528 468 20211960
293 Roanoke Avenue— Newark, NJ— 11,395 2,217 398 11,395 2,615 14,010 313 2022N/A
Avenue A4 Carlstadt, NJ— 7,516 4,660 1,642 7,516 6,302 13,818 1,887 20171951/1957
Belleville1 Kearny, NJ— 12,845 18,041 1,847 12,845 19,888 32,733 6,984 20112006
    Initial Cost
to Company		Costs
Capitalized
Subsequent
to
Acquisition
Gross Amount Carried
at December 31, 2024
   
Property NameNo. of
Bldgs.		LocationEncumbrancesLandBuildings &
Improvements		LandBuildings &
Improvements		TotalAccumulated
Depreciation		Year
Acquired		Year
Constructed
Commerce1 Carlstadt, NJ— 1,656 1,544 443 1,656 1,987 3,643 360 20181969
Dell1 Carlstadt, NJ— 6,641 771 888 6,641 1,659 8,300 642 20111972
Ethel2 Piscataway, NJ— 2,748 3,801 2,667 2,748 6,468 9,216 2,262 20131981/1984
Interstate2 South Brunswick, NJ— 13,686 12,135 13,923 13,686 26,058 39,744 10,105 2010/20131999/2014
JFK Airgate4 Queens, NY— 18,282 32,933 9,605 18,282 42,538 60,820 15,573 20131986/1991
Manor1 East Rutherford, NJ— 4,076 5,262 3,827 4,076 9,089 13,165 2,405 20151968
Morgan2 Brooklyn, NY— 71,051 10,888 7,320 71,051 18,208 89,259 3,508 20191960/1980 & 1967
New Dutch1 Fairfield, NJ— 4,773 2,004 — 4,773 2,004 6,777 551 20171976
Paterson Plank1 Carlstadt, NJ— 4,127 455 1,472 4,127 1,927 6,054 393 20161998
Stockton— Newark, NJ— 12,327 1,282 536 12,327 1,818 14,145 843 2017
Terminal Way2 Avenel, NJ— 3,537 3,598 1,350 3,537 4,948 8,485 1,615 20141950/1968
Van Dyke1 Red Hook, Brooklyn, NY— 21,170 3,200 5,303 21,170 8,503 29,673 218 20231921
Whelan1 East Rutherford, NJ— 6,366 5,704 616 6,366 6,320 12,686 1,137 20192005
Wilson1 Newark, NJ— 2,016 484 1,001 2,016 1,485 3,501 609 20161970
Woodside1 Queens, NY— 23,987 3,796 4,107 23,987 7,903 31,890 2,056 20182018
San Francisco Bay Area
1200-1220 San Mateo Avenue1 South San Francisco, CA— 24,488 7,126 1,615 24,488 8,741 33,229 128 20241972
20th Street1 Oakland, CA— 18,092 6,730 2,011 18,092 8,741 26,833 1,600 20191970 & 2003
20269-20281 Mack Street1 Hayward, CA— 8,758 2,395 9 8,758 2,404 11,162 43 20241977
238/242 Lawrence2 South San Francisco, CA— 6,674 2,655 2,534 6,674 5,189 11,863 2,466 20101986
240 Littlefield1 South San Francisco, CA— 5,107 3,293 2,862 5,107 6,155 11,262 1,976 20132013
299 Lawrence1 South San Francisco, CA— 1,352 1,198 600 1,352 1,798 3,150 840 20101968
3528 Arden Road1 Hayward, CA— 15,272 10,100 26 15,272 10,126 25,398 168 20241999
631 Brennan1 San Jose, CA— 1,932 2,245 1,060 1,932 3,305 5,237 1,311 20121975
3660 Thomas Road1 Santa Clara, CA— 43,053 13,887 1,652 43,053 15,539 58,592 1,247 20221973
Ahern2 Union City, CA— 3,246 2,749 2,220 3,246 4,969 8,215 2,095 20101986
Berryessa— San Jose, CA— 23,057 2,574 827 23,057 3,401 26,458 233 2021
Burroughs3 San Leandro, CA— 5,400 7,092 1,736 5,400 8,828 14,228 2,986 20141966
Caribbean3 Sunnyvale, CA— 17,483 14,493 4,359 17,483 18,852 36,335 6,689 20121980/1981
Carlton Court1 South San Francisco, CA— 2,036 1,475 854 2,036 2,329 4,365 790 20121981
Clawiter1 Hayward, CA— 5,964 1,159 189 5,964 1,348 7,312 427 20111967
East Gish— San Jose, CA— 6,759 726 2 6,759 728 7,487 92 20211959
Edison3 San Leandro, CA— 14,797 2,806 3,386 14,797 6,192 20,989 766 20211975
Foley Street2 Hayward, CA— 5,023 3,281 677 5,023 3,958 8,981 451 20211976 & 1972
    Initial Cost
to Company		Costs
Capitalized
Subsequent
to
Acquisition
Gross Amount Carried
at December 31, 2024
   
Property NameNo. of
Bldgs.		LocationEncumbrancesLandBuildings &
Improvements		LandBuildings &
Improvements		TotalAccumulated
Depreciation		Year
Acquired		Year
Constructed
Hotchkiss1 Fremont, CA— 4,163 3,152 1,259 4,163 4,411 8,574 792 20171997
Hotchkiss II1 Fremont, CA— 3,042 3,081 586 3,042 3,667 6,709 694 20181997
Merced4 San Leandro, CA— 25,621 9,318 7,597 25,621 16,915 42,536 3,177 20181958
Michele1 South San Francisco, CA— 2,710 2,540 792 2,710 3,332 6,042 812 20161979
Minnesota and Tennessee2 San Francisco, CA— 34,738 13,141 3,872 34,738 17,013 51,751 2,440 20191963
Morton4 Newark, CA— 65,640 115,039 514 65,640 115,553 181,193 5,412 20232020
Old Bayshore— San Jose, CA— 10,244 1,609 415 10,244 2,024 12,268 353 20201955
San Clemente1 Hayward, CA— 5,126 3,938 1,186 5,126 5,124 10,250 883 20181982
Teagarden5 San Leandro, CA— 19,172 15,221 733 19,172 15,954 35,126 1,153 20221970/1972
Starlite1 South San Francisco, CA— 3,738 144 2,373 3,738 2,517 6,255 238 20201966 & 1972
West 140th2 San Leandro, CA— 9,578 6,297 4,572 9,578 10,869 20,447 2,699 20161959
Whitney3 San Leandro, CA— 13,821 9,016 2,723 13,821 11,739 25,560 2,541 20181974
Wicks1 San Leandro, CA— 2,224 298 114 2,224 412 2,636 104 20181976
Central Pacific Business Park I1 Union City, CA— 6,629 11,088 1,790 6,629 12,878 19,507 3,913 20141989
Central Pacific Business Park II4 Union City, CA— 13,642 23,658 7,980 13,642 31,638 45,280 10,852 20152015
Seattle
1st Ave2 Seattle, WA— 29,441 30,537 8,942 29,441 39,479 68,920 5,497 20181937 & 1967
13045 SE 32nd Street1 Bellevue, WA— 5,982 536 886 5,982 1,422 7,404 51 20241979
33rd Place2 Bellevue, WA— 10,655 3,930 144 10,655 4,074 14,729 355 20221968-2009
6th Ave South1 Seattle, WA— 7,215 8,670 480 7,215 9,150 16,365 1,446 20201960
68th Kent2 Kent, WA— 7,465 2,263 210 7,465 2,473 9,938 261 20211976
84th Kent— Kent, WA— 4,552 136 310 4,552 446 4,998 187 20201963 & 2000
117th Place NE1 Kirkland, WA— 23,846 9,842 1,329 23,846 11,171 35,017 1,226 20211978
917 Valley1 Puyallup, WA— 2,203 4,551 373 2,203 4,924 7,127 787 20192006
3401 Lind1 Renton, WA— 2,999 6,707 1,451 2,999 8,158 11,157 2,386 20141984/2012
4225 2nd Avenue1 Seattle, WA— 4,236 4,049 2,283 4,236 6,332 10,568 1,877 20151957
4930 3rd Avenue South1 Seattle, WA— 3,984 2,424 1,202 3,984 3,626 7,610 1,098 20161964
12119 East Marginal— Tukwila, WA— 4,950 1,740 — 4,950 1,740 6,690 198 20201996
17600 West Valley Highway1 Tukwila, WA— 3,361 5,260 1,916 3,361 7,176 10,537 2,925 20121986
Auburn 4001 Auburn, WA— 4,415 5,234 1,194 4,415 6,428 10,843 1,084 20192000
Auburn 13071 Auburn, WA— 4,253 5,034 743 4,253 5,777 10,030 1,859 20142002
Dawson1 Seattle, WA— 3,902 278 654 3,902 932 4,834 330 20171964
East Valley1 Renton, WA— 2,693 2,959 381 2,693 3,340 6,033 621 20181991
East Marginal— Renton, WA— 2,618 380 198 2,618 578 3,196 170 20191991
Hudson1 Seattle, WA— 4,471 912 323 4,471 1,235 5,706 204 20202006
    Initial Cost
to Company		Costs
Capitalized
Subsequent
to
Acquisition
Gross Amount Carried
at December 31, 2024
   
Property NameNo. of
Bldgs.		LocationEncumbrancesLandBuildings &
Improvements		LandBuildings &
Improvements		TotalAccumulated
Depreciation		Year
Acquired		Year
Constructed
Kent 1881 Kent, WA— 3,251 4,719 3,065 3,251 7,784 11,035 2,970 20101979
Kent 1901 Kent, WA— 4,560 5,561 1,522 4,560 7,083 11,643 2,099 20151992/1999
Kent 1921 Kent, WA— 12,752 20,642 533 12,752 21,175 33,927 3,290 2020
Kent 2021 Kent, WA— 5,761 9,114 4,528 5,761 13,642 19,403 4,190 20151981
Kent 2161 Kent, WA— 3,672 5,408 1,145 3,672 6,553 10,225 2,198 20141996
Kent Corporate Park4 Kent, WA— 5,032 6,916 2,677 5,032 9,593 14,625 3,493 20151980/1981
Lucile1 Seattle, WA— 4,498 3,504 1,738 4,498 5,242 9,740 1,544 20171976
Lund1 Auburn, WA— 2,573 4,399 596 2,573 4,995 7,568 1,250 20161999
Occidental Avenue3 Seattle, WA— 12,550 3,300 1,261 12,550 4,561 17,111 556 20211988
Olympic1 Tukwila, WA— 1,499 1,431 742 1,499 2,173 3,672 924 20151978
MLK 9801— Seattle, WA— 14,388 1,360 429 14,388 1,789 16,177 140 2021
MLK 9845— Seattle, WA— 14,436 531 95 14,436 626 15,062 120 2021
MLK 9600— Seattle, WA— 20,849 1,395 812 20,849 2,207 23,056 722 20211957
NE 91st2 Redmond, WA— 7,944 1,866 — 7,944 1,866 9,810 133 20221986/1987
SeaTac 8th Avenue1 Burien, WA— 2,501 4,020 2,339 2,501 6,359 8,860 2,364 20131988
SE 32nd Street1 Bellevue, WA— 9,059 2,081 1,549 9,059 3,630 12,689 910 20201982
SW 16th Street— Renton, WA— 6,251 2,001 1,307 6,251 3,308 9,559 216 20211962
SW 34th1 Renton, WA— 2,912 3,289 540 2,912 3,829 6,741 1,350 20141996/2010
Valley Corporate2 Kent, WA— 5,264 9,096 3,095 5,264 12,191 17,455 4,948 20111987
Woodinville1 Woodinville, WA— 12,490 12,244 2 12,490 12,246 24,736 1,010 20211996
Woodinville II2 Woodinville, WA— 20,941 12,949 182 20,941 13,131 34,072 1,029 20211999
Willows— Redmond, WA— 3,067 581 179 3,067 760 3,827 81 20211970
8660 Willows Road— Redmond, WA— 18,034 2,180 1,422 18,034 3,602 21,636 337 20221987
Miami
26th Street1 Miami, FL— 3,444 4,558 1,272 3,444 5,830 9,274 2,066 20121973
48th Avenue2 Miami Gardens, FL— 4,322 2,187 1,053 4,322 3,240 7,562 1,039 20111987
70th Avenue1 Miami, FL— 1,434 2,333 469 1,434 2,802 4,236 1,030 20111999
70th Avenue II1 Miami, FL— 2,152 3,418 1,025 2,152 4,443 6,595 1,181 20161969
70th Avenue III1 Miami, FL— 2,543 3,167 848 2,543 4,015 6,558 1,005 20161974
70th Avenue IV1 Miami, FL— 1,119 1,456 727 1,119 2,183 3,302 492 20171969
70th Avenue V1 Miami, FL— 5,036 3,419 2,431 5,036 5,850 10,886 1,084 20171974
73rd Street2 Miami, FL— 6,130 13,932 493 6,130 14,425 20,555 1,159 20212022
74th Avenue1 Miami, FL— 2,327 3,538 965 2,327 4,503 6,830 1,219 20161986
81st Street2 Medley, FL— 2,938 5,242 2,077 2,938 7,319 10,257 2,400 20151996/2003
94th Avenue1 Doral, FL— 3,000 3,580 3,072 3,000 6,652 9,652 984 20171989
107th Avenue1 Medley, FL— 2,787 2,036 933 2,787 2,969 5,756 1,224 20132001
101st Road1 Medley, FL— 2,647 3,258 1,074 2,647 4,332 6,979 1,642 20132012
    Initial Cost
to Company		Costs
Capitalized
Subsequent
to
Acquisition
Gross Amount Carried
at December 31, 2024
   
Property NameNo. of
Bldgs.		LocationEncumbrancesLandBuildings &
Improvements		LandBuildings &
Improvements		TotalAccumulated
Depreciation		Year
Acquired		Year
Constructed
131st Street1 Medley, FL— 2,903 5,729 1,408 2,903 7,137 10,040 2,176 20141999
7045 NW 46th St1 Miami, FL— 2,517 2,261 210 2,517 2,471 4,988 193 20221986
8050 NW 90th St— Medley, FL— 18,612 2,067 3,478 18,612 5,545 24,157 549 2022N/A
12950 SW South River1 Medley, FL— 1,971 4,029 840 1,971 4,869 6,840 1,264 20162000
Americas Gateway5 Doral, FL— 9,088 9,552 5,529 9,088 15,081 24,169 5,796 20131978/1982
Americas Gateway 51 Doral, FL— 2,064 4,326 355 2,064 4,681 6,745 445 20132022
Countyline #24 & #252 Hialeah, FL— 15,552 27,898 6,636 15,552 34,534 50,086 4,464 20212021 & 2021
Countyline #261 Hialeah, FL— 11,826 24,407 4,958 11,826 29,365 41,191 3,388 20212021
Countyline #27 & #282 Hialeah, FL— 18,595 49,052 9,847 18,595 58,899 77,494 6,764 20212021 & 2021
Countyline #29 & #302 Hialeah, FL— 19,370 52,925 6,530 19,370 59,455 78,825 4,526 20222022
Countyline 311 Hialeah, FL— 13,425 28,576 870 13,425 29,446 42,871 145 20232024
Countyline 381 Hialeah, FL— 36,898 67,304 — 36,898 67,304 104,202 1,623 20232024
Countyline 391 Hialeah, FL— 14,647 29,337 — 14,647 29,337 43,984 316 20232024
Countyline 401 Hialeah, FL— 12,151 28,265 — 12,151 28,265 40,416 650 20232024
Countyline 411 Hialeah, FL— 14,044 31,261 469 14,044 31,730 45,774 1,118 20232023
Doral Air Logistics Center3 Doral, FL— 70,197 117,640 — 70,197 117,640 187,837 124 20242022
Miami International Trade Center4 Medley, FL— 5,063 10,958 3,671 5,063 14,629 19,692 3,942 20151996
Washington, D.C.
25th Place NE1 Washington, D.C.— 7,845 4,932 336 7,845 5,268 13,113 210 20232023
75th Ave5 Landover, MD— 10,658 18,615 6,766 10,658 25,381 36,039 7,832 20141987/1990
2920 V Street1 Washington, D.C.— 2,248 1,670 1,600 2,248 3,270 5,518 775 20171958
3000 V Street NE1 Washington, D.C.— 5,171 2,745 594 5,171 3,339 8,510 27 20241960
3601 Pennsy1 Landover, MD— 2,331 4,375 1,757 2,331 6,132 8,463 2,300 20131996
4230 Forbes1 Lanham, MD— 1,736 2,395 1,387 1,736 3,782 5,518 1,223 20132003
4501 46th Street— Bladensburg, MD— 9,576 1,984 1,029 9,576 3,013 12,589 252 20211955
Business Parkway1 Lanham, MD— 3,038 3,007 210 3,038 3,217 6,255 726 20162002
Eisenhower3 Alexandria, VA— 36,755 23,768 2,506 36,755 26,274 63,029 2,241 20211974
Fleet4 Alexandria, VA— 52,000 29,858 383 52,000 30,241 82,241 576 20241977
Hampton Overlook3 Capitol Heights, MD— 4,602 7,521 2,579 4,602 10,100 14,702 2,585 20161989/1990
Pickett1 Alexandria, VA— 6,256 2,850 702 6,256 3,552 9,808 429 20211963
Tuxedo— Hyattsville, MD— 6,867 1,266 1,104 6,867 2,370 9,237 280 20211962
    Initial Cost
to Company		Costs
Capitalized
Subsequent
to
Acquisition
Gross Amount Carried
at December 31, 2024
   
Property NameNo. of
Bldgs.		LocationEncumbrancesLandBuildings &
Improvements		LandBuildings &
Improvements		TotalAccumulated
Depreciation		Year
Acquired		Year
Constructed
V Street6 Washington, D.C.— 67,132 41,299 20,732 67,132 62,031 129,163 19,719 20151955/1963
Subtotal298 72,879 2,586,471 1,720,864 386,448 2,586,471 2,107,312 4,693,783 350,903 
Unamortized fair value adjustment(3,590)
Unamortized net deferred financing costs(185)
Intangible assets208,475 115,650 
Total298 — — $69,104 — $2,586,471 — $1,720,864 — $386,448 — $2,586,471 — $2,107,312 — $4,902,258 — $466,553 
Assets held for sale1 — 2,467 4,527 721 2,467 5,248 7,715 1,457 
Terreno Realty Corporation
Schedule III
Real Estate Investments and Accumulated Depreciation – (Continued)
As of December 31, 2024
(in thousands)
A summary of activity for real estate and accumulated depreciation for the years ended December 31, 2024 and 2023 is as follows:
 
2024
2023
Investment in Properties
Balance at beginning of year$4,047,840 $3,398,774 
Acquisition of properties937,908512,531 
Disposition of properties(31,755)(43,854)
Construction in progress129,564139,974 
Properties held for sale(7,715)— 
Improvements, net of write-offs46,068 40,415 
Balance at end of year$5,121,910 $4,047,840 
 
2024
2023
Accumulated Depreciation
Balance at beginning of year$384,480 $323,631 
Amortization of lease intangible assets20,368 15,008
Depreciation expense71,704 56,765
Accumulated depreciation on properties held for sale(1,457)— 
Disposition of properties and write-offs(8,542)(10,924)
Balance at end of year$466,553 $384,480