Taurus Investment Holdings Expands US Industrial Portfolio With $124M Atlanta & Dallas Acquisition
Atlanta & Dallas
$124,000,000
$134/SF
Building Size
924,700 SF
Asset Type
Industrial
Closing
Aug 22, 2023
AI
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.
Port Fulton 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
0.13%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93