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Richard Prokup Of Mapletree Investments Acquires Industrial Portfolio From Sean Dalfen For $207.5M
SOLD
National
See Similar DealsIndustrial1,400,000 SF
Sold
Summary
Asset Type:Industrial
Price Per Square Foot:$148
Total Square Footage:1400000 SF
Transaction Type:Sale
An industrial portfolio of 19 properties has been sold across the Dallas-Fort Worth, Chicago, Cincinnati, and Indianapolis markets. The total sale price for the portfolio amounted to $207,500,000, encompassing an approximate total of 1,400,000 square feet at a price per square foot of $148.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $207,500,000
- Buyer: Richard Prokup - Mapletree Investments
- Seller: Sean Dalfen - Dalfen Industrial
- Brokers: Jack Fraker, Dom Espinosa & Travis McEldowney - Newmark
- Market: Dallas-Fort Worth, Chicago, Cincinnati, and Indianapolis
- Square Footage: 1,400,000
- Price Per Square Foot: $148
Jack Fraker, Dom Espinosa, and Travis McEldowney of Newmark represented the buyer, Mapletree Investments, in this transaction. The seller, Dalfen Industrial, did not utilize outside brokers for this deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$11,066,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$737,203.67
Cash-on-Cash Return-1.27%
Monthly Debt Service$983,655.86
Annual Debt Service$11,803,870.34
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