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Inland Real Estate Income Trust Acquires Retail Portfolio In Atlanta, Dallas, Detroit, Los Angeles, Minneapolis, Orange County, Philadelphia & Washington, DC For $278.2M
SOLDIndustrial

Inland Real Estate Income Trust Acquires Retail Portfolio In Atlanta, Dallas, Detroit, Los Angeles, Minneapolis, Orange County, Philadelphia & Washington, DC For $278.2M

Washington, District Of Columbia, United States

$278,153,000

Building Size

Asset Type

Industrial

Closing

Jun 14, 2022

AI

An impressive retail portfolio has been sold for a significant amount of $278,153,000. The portfolio includes properties located in Atlanta, Dallas, Detroit, Los Angeles, Minneapolis, Orange County, Philadelphia, and Washington, DC. The buyer of the portfolio is Inland Real Estate Income Trust, Inc.

Summary of transation details

  • Property Type: Retail
  • Transaction Amount: $278,153,000

The deal was facilitated by JLL, with brokers Bill Moylan, Chris Angelone, Barry Brown, James Galbally, Jim Hamilton, Geoff Tranchina, and Amy Sands representing both the buyer, Inland Real Estate Income Trust, Inc, and the seller. The involvement of these experienced brokers showcases their expertise and professionalism in handling such a substantial transaction.

Players

Chris Angelone

JLL

Broker

$2.2B

vol

24 deals

Broker
CIT Bank
CIT BankLender

Washington Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.06%

Cash-on-Cash

-0.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93