Updated Nov 28, 2024
Equus Capital Partners Acquires Industrial Portfolio In Texas, Florida, Georgia, South Carolina & Virginia For $900M
Texas, United States
$900,000,000
$166/SF
Building Size
5,400,000 SF
Asset Type
Industrial
Closing
Feb 3, 2022
About this deal
AI
The Industrial Portfolio, consisting of properties located in Texas, Florida, Georgia, South Carolina, and Virginia, has been sold in a closed transaction. The industrial asset spans a total area of 5,400,000 square feet.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $900,000,000
- Buyer: Equus Capital Partners - Kyle Turner, Tim Feron, Laura Brestelli, Joe Felici, Scott Miller & Ryan Klancic
- Seller: Prologis
The buyer, Equus Capital Partners, represented by Kyle Turner, Tim Feron, Laura Brestelli, Joe Felici, Scott Miller, and Ryan Klancic, acquired the industrial portfolio from the seller, Prologis.
On the Map
$900,000,000
$166/SF
Industrial
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Players
Blanket 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
0.02%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93