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JLL Income Property Trust Acquires West Raleigh Distribution Center From Beacon Partners For $190M

Property Image
SOLD
$190,000,000

North Carolina

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Industrial985,000 SF
Sold 09/18/2025
the dealplayerscompscontact
Property Image
SOLD

JLL Income Property Trust Acquires West Raleigh Distribution Center From Beacon Partners For $190M

Industrial985,000 SF
Sold 09/18/2025
the dealplayerscompscontact
Contact now

Summary

Asset Type:Industrial
Price Per Square Foot:$192
Total Square Footage:985,000 SF
Transaction Type:Sale

The West Raleigh Distribution Center is an industrial property located in Apex, North Carolina. The asset was sold for $190,000,000 and encompasses a total area of 985,000 square feet. This distribution center consists of five buildings and is currently 87% leased to eight tenants, including a major biotech and life sciences distributor.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $190,000,000
  • Sale Date: 09/18/2025
  • Address: West Raleigh Distribution Center, Apex, North Carolina
  • Square Footage: 985,000
  • Price Per Square Foot: $19
  • Buyer: Allan Swaringen - JLL Income Property Trust
  • Seller: Beacon Partners

Allan Swaringen represents JLL Income Property Trust in the acquisition of the West Raleigh Distribution Center from Beacon Partners. This transaction reflects a significant investment in the industrial market, highlighting the active engagement of major players in the sector.

Players

Allan Swaringen
JLL
Allan Swaringen
13 deals$885.9M volume
BUYER
JLL
JLL
BUYER

Details

SOLD
IMAGE: 09/18/2025 ADDRESS: West Raleigh Distribution Center MARKET: Apex, North Carolina ASSET TYPE: Industrial BUYER: Allan Swaringen - JLL Income Property Trust SELLER: Beacon Partners SALE PRICE: $190,000,000 SF: 985,000 ~ PPSF: $19 NOTE: JLL Income Property Trust acquired the West Raleigh Distribution Center, a 985,000-square-foot, five-building industrial park in Apex, N.C., for about $190 million from Beacon Partners; the property is 87% leased to eight tenants, including a major biotech and life sciences distributor. Carolina

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Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$675,029.88
Cash-on-Cash Return-1.27%
Monthly Debt Service$900,696.93
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