Updated Oct 28, 2024
Taurus Investment Holdings Acquires Industrial Properties In Georgia, Florida & Texas For $157.8M
Florida City, Florida, United States
$157,800,000
$121/SF
Building Size
1,300,000 SF
Asset Type
Industrial
Closing
Jul 4, 2022
About this deal
AI
An industrial property in Georgia, Florida, and Texas has been sold for a price of $157,800,000. The property spans over 1,300,000 square feet, resulting in a price per square foot of $121. The sale involved Taurus Investment Holdings as the buyer, represented by Peter Merrigan, and Summit Real Estate Group as the seller.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $157,800,000
- Square Footage: 1,300,000
- Price per Square Foot: $121
- Buyer: Taurus Investment Holdings - Peter Merrigan
- Seller: Summit Real Estate Group
Peter Merrigan, representing Taurus Investment Holdings, was instrumental in the successful completion of this deal. The involvement of both buying and selling parties highlights their commitment to expanding their presence in the industrial property market.
On the Map
$157,800,000
$121/SF
Industrial
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Players
Homestead 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
0.10%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93