Mapletree Investments Acquires Industrial Properties In Chicago, Memphis, Houston & Other Markets For $3B
SOLD
$3,000,000,000
Illinois
See Similar DealsIndustrial28,400,000 SF
Sold
SOLD
Mapletree Investments Acquires Industrial Properties In Chicago, Memphis, Houston & Other Markets For $3B
Chicago, IL, USA
See Similar DealsIndustrial28,400,000 SF
Sold
Summary
ILLINOIS
Asset Type:Industrial
Price Per Square Foot:$105
Total Square Footage:28,400,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$160,000,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,658,366.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,221,530.53
Annual Debt Service$170,658,366.34
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