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Texas, United States

Equus Capital Partners Acquires Industrial Portfolio In Texas, Florida, Georgia, South Carolina & Virginia For $900M
SOLDIndustrial

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

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.

Players

Prologis
PrologisBrokerage
Equus Capital Partners
Equus Capital PartnersBuyer

Tim Feron

Equus Capital Partners

Buyer

$1B

vol

3 deals

Buyer
Prologis
PrologisSeller

Blanket 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

0.02%

Cash-on-Cash

-0.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93