Tyler Mateen Of Cannon TTM Capital Acquires Net-Lease Industrial Portfolio From TPG For $250 Million
Building Size
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Asset Type
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Closing
Jul 27, 2026
AI
The Net-Lease Industrial Portfolio, located in Reno, NV and Chicago, encompasses a total square footage of 2,950,000. The property was sold for a transaction amount of $250,000,000, which equates to a price per square foot of $85.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $250,000,000
- Market: Reno, NV & Chicago
- Buyer: Tyler Mateen - Cannon TTM Capital
- Seller: TPG
- Square Footage: 2,950,000
- Price per Square Foot: $85
Tyler Mateen, representing Cannon TTM Capital, facilitated the acquisition of the asset from the seller, TPG. This transaction highlights the involvement of both buyer and seller in a strategic real estate investment within the industrial sector.
Players
Market CRE Market Snapshot
Boundary boundary · CRE · Lease transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93