Invesco Real Estate Income Trust Inc Acquires Industrial Properties In Bend, OR & Clarksville, TN For $42M
SOLD
$42,000,000
Oregon
See Similar DealsIndustrial
Sold 07/07/2022
SOLD
Invesco Real Estate Income Trust Inc Acquires Industrial Properties In Bend, OR & Clarksville, TN For $42M
20230 Powers Road, Bend, Oregon 97702, United States
See Similar DealsIndustrial
Sold 07/07/2022
Summary
OREGON
Asset Type:Industrial
Transaction Type:Sale
A total of five industrial properties were sold in two different markets: Bend, OR and Clarksville, TN. The properties included in the sale are located at 20230 Powers Rd, 345 SE Cleveland Ave, 1280 Parkway Pl, 4351 Guthrie Hwy, and 117 Old Excell Rd. The transaction involved an industrial asset type.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $42,000,000
The buyer in this transaction was Invesco Real Estate Income Trust Inc, represented by R. Scott Dennis.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,239,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$149,217.14
Cash-on-Cash Return-1.27%
Monthly Debt Service$199,101.43
Annual Debt Service$2,389,217.13
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