GLP Capital Partners Takes $250M Loan For 3.2M SF Industrial Portfolio In Atlanta, Fort Worth, Chicago, Memphis, And Central Valley
Texas, USA
$250,000,000
$78/SF
Building Size
3,200,000 SF
Asset Type
Industrial
Closing
Sep 27, 2021
AI
GLP Capital Partners, represented by Alan Yang, has closed a transaction on an industrial property located in Atlanta, GA, Fort Worth, TX, Chicago, IL, Memphis, TN, and Central Valley, CA. The property spans approximately 3,200,000 square feet. The deal was made possible through a loan provided by PGIM Real Estate, with Eric Adler as the lender. The loan amount for this transaction was $250,000,000.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $250,000,000
- Location: Atlanta, GA, Fort Worth, TX, Chicago, IL, Memphis, TN, and Central Valley, CA
- Square Footage: 3,200,000
- Landlord: GLP Capital Partners - Alan Yang
- Lender: PGIM Real Estate - Eric Adler
The collaboration between GLP Capital Partners and PGIM Real Estate resulted in the successful completion of this industrial property transaction. The involvement of Alan Yang as the landlord's representative and Eric Adler as the lender highlights the expertise and professionalism of the parties involved.
Players
Winters 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
0.06%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93