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CBRE Facilitates $100M Recapitalization Of Industrial Portfolio Across 20 States

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FINANCED
$100,000,000
Ryan Bain
Michael (Mike) Caprile
+ 5

National

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Industrial630,000 SF
Financed 05/10/2024
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Property Image
FINANCED

CBRE Facilitates $100M Recapitalization Of Industrial Portfolio Across 20 States

Industrial630,000 SF
Financed 05/10/2024
Ryan Bain
Michael (Mike) Caprile
+ 5
Contact now

Summary

Asset Type:Industrial
Price Per Square Foot:$158
Total Square Footage:630,000 SF
Transaction Type:Loan

The industrial portfolio involved in the transaction spans 201 acres with nearly 630,000 square feet of industrial assets. The properties are fully occupied by long-standing tenants like United Rentals, Gerber Collision & Glass, and Home Depot. The recapitalization loan facilitated by CBRE amounted to $100 million for a 36-property industrial service facility portfolio located across 20 states in the United States.

Summary of transaction details:

The transaction was managed by CBRE National Partners, led by Judd Welliver, Bentley Smith, Michael Caprile, Ryan Bain, Zachary Graham, Joseph Horrigan, Will Pike, and Victoria Gomez, representing Moir Park Capital. The collaboration between Moir Park Capital and Hempel Real Estate, based in Wayzata and Eden Prairie, Minnesota, respectively, underscores the joint venture's commitment to the industrial service facilities market.

Players

Will Pike
7 deals$448.8M volume
BROKER

Judd Welliver
CBRE
27 deals$1.8B volume
BROKER

Bentley Smith
CBRE
25 deals$1.8B volume
BROKER

Michael (Mike) Caprile
CBRE
13 deals$1.7B volume(708) 870-8892
BROKER

Ryan Bain
CBRE
13 deals$1.3B volume
BROKER

Zachary Graham
CBRE
13 deals$1.3B volume
BROKER

Joseph (Joe) Horrigan
CBRE
11 deals$916.6M volume(630) 573-7080
BROKER

Victoria Gomez
CBRE
6 deals$768.8M volume(630) 573-7065
BROKER

Details

FINANCED
IMAGE: Zachary Graham, Ryan Bain, Bentley Smith, Michael Caprile, Judd Welliver, Joseph Horrigan, Josh Krsnak, Will Pike & Victoria Gomez DATE: 05/10/2024 ADDRESS: Industrial Portfolio MARKET: United States ASSET TYPE: Industrial ~ SF: 630,000 ~ ACRES: 201 LANDLORD: Matthew Schliep - Moir Park Capital; Josh Krsnak - Hempel Real Estate BROKERS: Bentley Smith, Joseph Horrigan (@JMHorrig), Judd Welliver (@JWelliver33), Michael Caprile, Ryan Bain, Victoria Gomez, Will Pike (@Mrkktww) & Zachary Graham - CBRE (@CBRE) LOAN AMOUNT: $100,000,000 LOAN TYPE: Recapitalization NOTE: CBRE has facilitated a $100 million recapitalization of a 36-property industrial service facility portfolio through a joint venture between Moir Park Capital and Hempel Real Estate, based in Wayzata and Eden Prairie, Minnesota, respectively. The transaction was managed by CBRE National Partners, led by Judd Welliver, Bentley Smith, Michael Caprile, Ryan Bain, Zachary Graham, Joseph Horrigan, Will Pike, and Victoria Gomez, representing Moir Park Capital. This diverse portfolio spans 20 states, comprising 201 acres and nearly 630,000 square feet of industrial assets, all fully occupied by long-standing tenants including United Rentals, Gerber Collision & Glass, Home Depot, and others, highlighting the growing significance of industrial service facilities in the real estate market.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$100,000,000.00

Monthly NOI$666,666.67
Monthly Debt Service$632,068.02
Change in Cash Flow$0.00
Refinance Proceeds$0.00