Updated Dec 4, 2025
Mohammed Alardhi & Herb Myers Of Investcorp Acquire Industrial Portfolio For $400M
$400,000,000
$153/SF
Building Size
2,600,000 SF
Asset Type
Industrial
Closing
Dec 3, 2025
About this deal
AI
A 35-building industrial portfolio was sold, encompassing 2.6 million square feet across multiple markets including Philadelphia, New Jersey, Long Island, Sacramento, Tampa, South Florida, and Atlanta. The transaction was valued at $400 million, translating to a price per square foot of $154. The portfolio was reported to be 97% occupied, indicating strong demand in key industrial markets.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $400,000,000
- Square Footage: 2,600,000
- Price per Square Foot: $154
- Buyer: Mohammed Alardhi & Herb Myers - Investcorp
- Market: Philadelphia, New Jersey, Long Island, Sacramento, Tampa, South Florida & Atlanta
Mohammed Alardhi and Herb Myers represented Investcorp in this transaction. The seller of the portfolio remains undisclosed.
Players
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
0.04%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93