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
Socorro 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
0.05%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93