Taurus Investment Holdings, LLC Acquires Industrial Portfolio In Atlanta, Chicago, Dallas, Houston, New Jersey & Philadelphia For $423.5M
SOLD
$423,500,000
Pennsylvania
See Similar DealsIndustrial3,962,339 SF
Sold 01/26/2022
SOLD
Taurus Investment Holdings, LLC Acquires Industrial Portfolio In Atlanta, Chicago, Dallas, Houston, New Jersey & Philadelphia For $423.5M
Philadelphia, Pennsylvania, United States
See Similar DealsIndustrial3,962,339 SF
Sold 01/26/2022
Summary
PENNSYLVANIA
Asset Type:Industrial
Price Per Square Foot:$106
Total Square Footage:3,962,339 SF
Transaction Type:Sale
An industrial portfolio has been sold for a total of $423,500,000 in a recent transaction. The portfolio is located in Atlanta, Chicago, Dallas, Houston, New Jersey, and Philadelphia. The portfolio consists of industrial properties with a total area of 3,962,339 square feet. The price per square foot for this transaction is $107.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $423,500,000
- Address: Industrial Portfolio
- Market: Atlanta, Chicago, Dallas, Houston, New Jersey & Philadelphia
- Square Footage: 3,962,339
The buyer of the industrial portfolio is Taurus Investment Holdings, LLC, represented by Peter Merrigan.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$22,586,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$1,504,606.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$2,007,606.06
Annual Debt Service$24,091,272.72
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