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Buford, Texas, United States

KKR Acquires Industrial Real Estate Portfolio In Buford, Georgia & Dallas, Texas For $300M
SOLDIndustrial

KKR Acquires Industrial Real Estate Portfolio In Buford, Georgia & Dallas, Texas For $300M

Buford, Texas, United States

$300,000,000

$142/SF

Building Size

2,100,000 SF

Asset Type

Industrial

Closing

Aug 8, 2022

AI

An industrial real estate portfolio located in Buford, Georgia and Dallas, Texas has recently been sold for approximately $300,000,000. The portfolio spans a total of 2,100,000 square feet, resulting in a price per square foot of $143.

Summary of Transaction Details:

  • Property Type: Industrial
  • Transaction Amount: $300,000,000 (Approx.)
  • Address: Industrial Real Estate Portfolio
  • Market: Buford, Georgia & Dallas, Texas

The buyer of this industrial real estate portfolio is KKR, represented by Ben Brudney.

With this transaction, KKR has acquired a significant industrial asset in the Buford, Georgia and Dallas, Texas markets. The portfolio, comprising of 2,100,000 square feet, has been sold for an approximate amount of $300,000,000. The purchase price reflects a per square foot cost of $143. The acquisition of this industrial real estate portfolio further strengthens KKR's presence in the industrial property market.

Players

Ben Brudney

KKR

Buyer

$764M

vol

4 deals

Buyer
KKR
KKRLender

Socorro 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

0.05%

Cash-on-Cash

-0.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93