Taurus Investment Holdings Acquires Industrial Properties In Georgia, Florida & Texas For $157.8M
SOLD
$157,800,000
Florida
See Similar DealsIndustrial1,300,000 SF
Sold 07/05/2022
SOLD
Taurus Investment Holdings Acquires Industrial Properties In Georgia, Florida & Texas For $157.8M
Florida City, Florida, United States
See Similar DealsIndustrial1,300,000 SF
Sold 07/05/2022
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$121
Total Square Footage:1,300,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$8,416,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$560,630.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$748,052.51
Annual Debt Service$8,976,630.07
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