Mapletree Industrial Trust Acquires Office Data Centers Portfolio For $1.32B
SOLD
$1,320,000,000
Illinois
See Similar DealsIndustrial
Sold 05/20/2020
SOLD
Mapletree Industrial Trust Acquires Office Data Centers Portfolio For $1.32B
Chicago
See Similar DealsIndustrial
Sold 05/20/2020
Summary
ILLINOIS
Asset Type:Industrial
Transaction Type:Sale
The property involved in this closed transaction is an office building with a data center. The sale took place on May 20, 2021, with a sale price of $1,320,000,000. The property spans a total of 3,300,000 square feet. The buyer, Mapletree Industrial Trust, was represented by Tham Kuo Wei, while the seller was Sila Realty Trust Inc.
Summary of transaction details
- Property Type: Office (Data Centers)
- Transaction Amount: $1,320,000,000
- Square Footage: 3,300,000
Tham Kuo Wei, representing Mapletree Industrial Trust, played a key role as the buyer in this transaction. Sila Realty Trust Inc acted as the seller.
Players
BROKERAGE
BROKERAGE
BROKERAGE
BROKERAGE
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$70,399,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,689,681.20
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,257,473.43
Annual Debt Service$75,089,681.19
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