Updated Nov 28, 2024
Prologis Acquires Industrial Complex In Lanham, MD From Blackstone For $199.4M
4600 Hargrove Drive Lanham, Maryland 20706, USA & 9300 Martin Luther King Jr Highway
$199,400,000
Building Size
—
Asset Type
Industrial
Closing
Aug 14, 2023
About this deal
AI
Prologis (PLD) has acquired an industrial complex in Lanham, MD as part of a $3.1 billion industrial portfolio purchased from Blackstone (BX). The complex, located at 4400, 4450 & 4600 Hargrove Drive & 9300 Martin Luther King Jr Highway, was sold for a total price of $199,400,000.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $199,400,000
- Buyer: Prologis
- Seller: Blackstone
- Date: 08/14/2023
- Address: 4400, 4450 & 4600 Hargrove Drive & 9300 Martin Luther King Jr Highway, Lanham, MD
In this deal, Prologis has acquired the industrial complex in Lanham, MD from Blackstone. The acquisition is part of Prologis' larger purchase of a $3.1 billion industrial portfolio from Blackstone. The complex is strategically located at the addresses 4400, 4450 & 4600 Hargrove Drive & 9300 Martin Luther King Jr Highway in Lanham and has a transaction value of $199,400,000.
Players
Lanham Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Deal FAQ
Browse Maryland industrial sales on Traded.
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