Updated Oct 28, 2024
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
About this deal
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.
On the Map
$278,153,000
Industrial
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Players
Washington Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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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