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Ares Management Acquires Industrial Warehouse From Trammell Crow Company & Diamond Realty For $80M
SOLD
$80,000,000
Virginia
See Similar DealsIndustrial
Sold 09/29/2025
SOLD
Ares Management Acquires Industrial Warehouse From Trammell Crow Company & Diamond Realty For $80M
Commerce Center Dr
See Similar DealsIndustrial
Sold 09/29/2025
Summary
VIRGINIA
Asset Type:Industrial
Transaction Type:Sale
A warehouse located at 1000 Commerce Center Drive in Elkton, MD, was sold for $80 million. The industrial asset spans 800,000 square feet, resulting in a price per square foot of $100.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $80,000,000
- Buyer: Ares Management
- Seller: Trammell Crow Company & Diamond Realty Investments
- Sale Date: 09/29/2025
- Market: Elkton, MD
- Square Footage: 800,000
- Price per Square Foot: $100
An affiliate of Ares Management acquired the property from a venture consisting of Trammell Crow Company and Diamond Realty Investments. The transaction involved prominent players in the real estate investment sector.
Players
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$4,266,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$284,223.09
Cash-on-Cash Return-1.27%
Monthly Debt Service$379,240.81
Annual Debt Service$4,550,889.77
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