Updated Oct 29, 2024
Mapletree Investments Acquires Industrial Properties In Chicago, Memphis, Houston & Other Markets For $3B
Chicago, IL, USA
$3,000,000,000
$105/SF
Building Size
28,400,000 SF
Asset Type
Industrial
Closing
Sep 30, 2021
About this deal
AI
The industrial property located at 141 Properties in Chicago, Memphis, Houston, and other markets was recently sold for a staggering price of $3,000,000,000. Spanning across a total area of 28,400,000 square feet, this property offers a significant opportunity for investment in the industrial sector.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $3,000,000,000
- Square Footage: 28,400,000
- Price Per Square Foot: $107
The buyer in this transaction is Mapletree Investments, represented by Yoon Khong Hiew. This acquisition highlights the strong interest of Mapletree Investments in the industrial asset class. With such a substantial investment, Mapletree Investments aims to leverage the potential of this property and capitalize on the growing demand in the industrial market.
On the Map
$3,000,000,000
$105/SF
Industrial
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Players
Chicago 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
0.01%
Cash-on-Cash
-0.00%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93