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9314 East Jefferson Street

Ponte Gadea Acquires Industrial Portfolio In Dallas, Menomonee Falls, Winchester, Breinigsville, Philadelphia, Charleston, West Columbia For $905M
SOLDIndustrial

Ponte Gadea Acquires Industrial Portfolio In Dallas, Menomonee Falls, Winchester, Breinigsville, Philadelphia, Charleston, West Columbia For $905M

9314 East Jefferson Street

Building Size

2,300,000 SF

Asset Type

Industrial

Closing

Sep 22, 2022

AI

An industrial property portfolio has been sold for $905,000,000 in a recent transaction. The portfolio includes multiple assets located in different cities, including 9314 W. Jefferson Blvd. in Dallas, N96 W14849 County Line Road in Menomonee Falls, 480 Park Center Drive in Winchester, 555 Nestlé Way in Breinigsville, 2760 Red Lion Road in Philadelphia, 225 Infinity Drive NW in Charleston, and 4400 12th St. in West Columbia. The properties are situated in desirable markets and offer various opportunities for industrial use.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $905,000,000
  • Buyer: Ponte Gadea
  • Seller: Ocean West Capital Partners, Tiger Alternative Investors, and Realty Income
  • Buyer's Representative: Alvarez & Diaz-Silveira LLP
  • Seller's Representative: K&L Gates LLP
  • Market: Dallas, Menomonee Falls, Winchester, Breinigsville, Philadelphia, Charleston, West Columbia
  • Date: 09/22/2022

Ponte Gadea, represented by Alvarez & Diaz-Silveira LLP, acquired the portfolio from sellers Ocean West Capital Partners, Tiger Alternative Investors, and Realty Income, with legal representation from K&L Gates LLP. This significant transaction highlights the strong demand for industrial properties in the current market.

Players

James R. Segerdahl

Broker

$905M

vol

2 deals

Broker
PG
Ponte GadeaBuyer
OP
Ocean West Capital PartnersSeller

Dallas Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93