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Taurus Investment Holdings Expands US Industrial Portfolio With $124M Atlanta & Dallas Acquisition
SOLD
$124,000,000
Texas
See Similar DealsIndustrial924,700 SF
Sold 08/22/2023
SOLD
Taurus Investment Holdings Expands US Industrial Portfolio With $124M Atlanta & Dallas Acquisition
Atlanta & Dallas
See Similar DealsIndustrial924,700 SF
Sold 08/22/2023
Summary
TEXAS
Asset Type:Industrial
Price Per Square Foot:$134
Total Square Footage:924,700 SF
Transaction Type:Sale
Taurus Investment Holdings, led by Peter Merrigan, has acquired a portfolio of 12 industrial properties in Atlanta and Dallas for a total of $124 million. The portfolio, which spans 924,700 square feet, expands Taurus' U.S. industrial holdings to 18 million square feet across 12 states. The properties consist of shallow-bay buildings and boast a strong occupancy rate of 99% for Taurus' 91 industrial properties in the Dallas and Atlanta areas.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $124,000,000
- Square Footage: 924,700
- Price Per Square Foot: $134
- Market: Atlanta & Dallas
- Buyer: Taurus Investment Holdings - Peter Merrigan
This significant deal reflects Taurus Investment Holdings' ongoing commitment to expanding its industrial real estate portfolio. With a strong presence in Atlanta and Dallas, the company now manages a substantial industrial property portfolio, solidifying its position as a key player in the industrial real estate market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$6,613,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$440,545.82
Cash-on-Cash Return-1.27%
Monthly Debt Service$587,823.26
Annual Debt Service$7,053,879.14
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