As part of its acquisition-driven growth strategy, Terreno Realty Corporation TRNO recently shelled out $8.3 million for the purchase of an industrial property in Hayward, CA.Comprising two industrial distribution buildings containing roughly 41,000 square feet on 2.0 acres. With an advantageous location at 23482-23520 Foley Street, northwest of the intersection of I-880 and CA 92, the distribution buildings are anticipated to see solid demand and hence, the buyout seems a strategic fit. The estimated stabilized cap rate of the property is 4.9%.In fact, the acquired property, offering 14 grade-level loading positions, as well as parking for 64 cars, is 92% leased to 10 tenants. All of the leases are set to expire by December 2025.Demand for logistics infrastructure and efficient distribution networks has been shooting up amid an e-commerce boom, growth in industries and companies making efforts to improve supply-chain efficiencies. This is aiding the industrial real estate market. Apart from the fast adoption of e-commerce, logistics real estate is anticipated to benefit from a likely increase in inventory levels post the global health crisis, offering scope to industrial landlords, including Terreno Realty, Duke Realty DRE, Prologis PLD and Rexford Industrial Realty, Inc. REXR, among others, to enjoy a favorable market environment.Terreno Realty is also banking on such scopes and is focused on expanding its portfolio on acquisitions. It targets functional assets at in-fill locations, which enjoy high-population densities and are located near high-volume distribution points. Recently, the company acquired an industrial property in Seattle, WA, for $50 million. Earlier, it acquired an industrial property in Orange, CA, for $9.3 million.Terreno Realty is well poised on the back of these efforts to enhance its portfolio in the six major coastal U.S. markets — Los Angeles, Northern New Jersey/New York City, San Francisco Bay Area, Seattle, Miami and Washington, DC — which display solid demographic trends and witness healthy demand for industrial real estates.In the past three months, the company’s shares have gained 3.3% compared with its industry's rally of 6.4%.Image Source: Zacks Investment ResearchHowever, with the asset category being attractive in these challenging times, there is a development boom in a number of markets. This high supply is likely to intensify competition and curb pricing power.Terreno Realty currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Breakout Biotech Stocks with Triple-Digit Profit Potential The biotech sector is projected to surge beyond $2.4 trillion by 2028 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases. Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Recommendations from previous editions of this report have produced gains of +205%, +258% and +477%. The stocks in this report could perform even better.See these 7 breakthrough stocks now>>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Prologis, Inc. (PLD): Free Stock Analysis Report Duke Realty Corporation (DRE): Free Stock Analysis Report Terreno Realty Corporation (TRNO): Free Stock Analysis Report Rexford Industrial Realty, Inc. (REXR): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research