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Mohammed Alardhi & Herb Myers Of Investcorp Acquire Industrial Portfolio For $400M
SOLD
$400,000,000
National
See Similar DealsIndustrial2,600,000 SF
Sold 12/03/2025
SOLD
Mohammed Alardhi & Herb Myers Of Investcorp Acquire Industrial Portfolio For $400M
Industrial2,600,000 SF
Sold 12/03/2025
Summary
Asset Type:Industrial
Price Per Square Foot:$153
Total Square Footage:2,600,000 SF
Transaction Type:Sale
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
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$21,333,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$1,421,115.51
Cash-on-Cash Return-1.27%
Monthly Debt Service$1,896,204.07
Annual Debt Service$22,754,448.85
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