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Hines U.S. Property Partner...

Updated Dec 4, 2024

Hines U.S. Property Partners Acquires $200M Industrial Portfolio In Fremont, San Diego, Maryland & Tampa
SOLDIndustrial

Hines U.S. Property Partners Acquires $200M Industrial Portfolio In Fremont, San Diego, Maryland & Tampa

$200,000,000

Building Size

Asset Type

Industrial

Closing

Oct 23, 2023

About this deal

AI

The Industrial Portfolio, consisting of properties in Fremont, San Diego, Maryland, and Tampa, has been sold in a transaction worth $200,000,000. The portfolio comprises various industrial assets, showcasing the buyer's interest in diversifying into alternative property types.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $200,000,000
  • Buyer: Hines U.S. Property Partners - Adriana de Alcantara
  • Market: Fremont, San Diego, Maryland & Tampa

Hines U.S. Property Partners (HUSPP) has successfully closed four acquisitions, worth approximately $200 million, in their pursuit of diversifying their investments. These acquisitions include the Warm Springs Industrial Park in Fremont, the Brown Field Tech Park II in San Diego, the CapMed portfolio in Maryland, and the 301 Logistics property in Tampa. This notable purchase demonstrates HUSPP's commitment to seizing opportunities for diversified growth.

Players

Hines
HinesBuyer

Market 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

0.08%

Cash-on-Cash

-0.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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