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SMBC Group Acquires Industrial Properties In Punta Gorda FL And Myrtle Beach SC For $300 Million

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SOLD
$300,000,000
Bill Prutting
Jim Freeman
+ 6

Florida

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Industrial
Sold 06/02/2026
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Property Image
SOLD

SMBC Group Acquires Industrial Properties In Punta Gorda FL And Myrtle Beach SC For $300 Million

9301 Piper Road, 1010 Evergreen Road, 395 Fantasy Harbour Boulevard, 1850 Parkway Drive Southeast, 556 Old Airport Road In Bristol, Va, 556 Old Airport Road Bristol, Va, 556 Old Airport Road, 1912 Stafford St. Ext.wingate & 1912 Stafford Street

See Similar Deals
Industrial
Sold 06/02/2026
Bill Prutting
Jim Freeman
+ 6
Contact now

Summary

FLORIDA
Asset Type:Industrial
Transaction Type:Sale

The transaction involved the sale of multiple industrial properties across various locations, including 9301 Piper Road, 1010 Evergreen Road, 395 Fantasy Harbour Boulevard, 1850 Parkway Drive Southeast, 556 Old Airport Road, and 1912 Stafford Street Ext. The total sale price for these assets was $300,000,000, and they were located in Punta Gorda, FL; Anderson & Myrtle Beach, SC; Christiansburg & Bristol, VA; and Wingate, NC.

Summary of transaction details:

This transaction was facilitated by a team of brokers from JLL, which included a diverse group of professionals such as Britton Burdette, Dennis Mitchell, Luis Castillo, Bill Prutting, Jim Freeman, Maggie Dominguez, and Bobby Norwood. They played a crucial role in connecting the buyer, SMBC Group, with the sellers, Jacques Chappuis representing PGIM and Paul Fuhrman representing Miramar Capital.

Players

Luis Castillo
54 deals$1.8B volume(305) 495-5969
BROKER

Dennis Mitchell
JLL
19 deals$1.2B volume
BROKER

Britton Burdette
JLL
19 deals$1.3B volume
BROKER

Jim Freeman
JLL
14 deals$911.7M volume
BROKER

Bill Prutting
JLL
3 deals$104.9M volume(202) 719-5867
BROKER

Robert (Bobby) Norwood
JLL
10 deals$658M volume(404) 460-1652
BROKER

Maggie Dominguez
JLL
2 deals$144M volume(678) 378-4593
BROKER


14 deals$2.7B volume
SELLER

Details

SOLD
IMAGE: Jim Freeman, Maggie Dominguez, Bill Prutting, Paul Fuhrman, Luis Castillo, Jacques Chappuis, Britton Burdette, Dennis Mitchell & Bobby Norwood DATE: 06/02/2026 ADDRESS: 9301 Piper Road, 1010 Evergreen Road, 395 Fantasy Harbour Boulevard, 1850 Parkway Drive Southeast, 556 Old Airport Road & 1912 Stafford Street Ext MARKET: Punta Gorda, FL; Anderson & Myrtle Beach, SC; Christiansburg & Bristol, VA; Wingate, NC ASSET TYPE: Industrial BUYER: SMBC Group SELLER: Jacques Chappuis - PGIM (@PGIM); Paul Fuhrman - Miramar Capital BROKERS: Britton Burdette, Dennis Mitchell, Luis Castillo, Bill Prutting, Jim Freeman, Maggie Dominguez & Bobby Norwood - JLL (@JLL) SALE PRICE: $300,000,000

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$16,000,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$1,065,836.63
Cash-on-Cash Return-1.27%
Monthly Debt Service$1,422,153.05
Annual Debt Service$17,065,836.63