The Hampshire Companies Secures $300 Million Recapitalization Loan For Fairfalls Logistics Portfolio
$300,000,000
$222/SF
Building Size
1,350,000 SF
Asset Type
Industrial
Closing
Aug 28, 2024
AI
The Fairfalls Logistics Portfolio comprises 1.35 million square feet of industrial space located in the Fairfield market. The portfolio is currently 92% leased and has undergone recent capital improvements, enhancing its attractiveness in a region with strong demand for industrial facilities.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $300,000,000
- Address: Industrial Portfolio
- Market: Fairfield
- Loan Type: Recapitalization
- Landlord: James E. Hanson II - The Hampshire Companies
- Brokers: Brian Schulz, Jack Fraker & Kevin Welsh - Newmark
Newmark Group played a crucial role in facilitating the $300 million recapitalization for The Hampshire Companies, securing a joint venture equity partner for the portfolio. The transaction highlights the collaboration of key individuals in the brokerage sector to enhance the investment profile of the industrial asset.
Players
Market Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.05%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93