The company paid $18 million for a 66,000-square-foot industrial property south of Los Angeles. : Terreno Realty Corp. has spent $18 million for a 66,000-square-foot industrial asset in Rancho Dominquez, Calif. The seller was a local private investor, Los Angeles County public records show. The estimated stabilized cap rate of the property was 3.6 percent. Located at 2310 E. Gladwick St., the asset is roughly 7 miles from the intersection of interstates 710 and 405, with access to Los Angeles International Airport as well as the ports of the metro and Long Beach, Calif.