Updated Jan 29, 2025
Alterra IOS Manager And Parker Pearson Acquire Outdoor Storage Portfolio In Florida, Georgia, Illinois, Ohio, Tennessee, Texas, Louisiana & Alabama For $86M
Illinois, United States
$86,000,000
Building Size
—
Asset Type
Industrial
Closing
Dec 22, 2022
About this deal
AI
An outdoor storage portfolio in Florida, Georgia, Illinois, Ohio, Tennessee, Texas, Louisiana, and Alabama has been sold for a total of $86,000,000. This industrial property spans across 137.99 acres.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $86,000,000
- Address: Outdoor Storage Portfolio
- Market: Florida, Georgia, Illinois, Ohio, Tennessee, Texas, Louisiana, and Alabama
- Acres: 137.99
The buyer, Alterra IOS Manager, was represented by Matthew Pfeiffer and Parker Pearson. On the other hand, Heniff Transportation Systems LLC, represented by Bob Heniff, acted as the seller in this transaction.
Players
Lincoln Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.18%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93