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
Dallas Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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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