Warehouse REIT Plc Acquires Amazon Fulfillment Center - Barlborough In Chesterfield
Amazon Fulfillment Center, Meadowville Technology Parkway, Chester, Chesterfield, VA, USA
$57,000,000
$114/SF
Building Size
500,000 SF
Asset Type
Other
Closing
Sep 2, 2020
About this deal
AI
The Amazon Fulfillment Center in Barlborough, located in Chesterfield, was recently sold for a staggering price. The warehouse property, which spans approximately 500,000 square feet, was sold for £57,000,000 with a price per square foot of £114. The transaction took place on September 3, 2020, as reported by Colin Godfrey on his Instagram post.
Summary of transaction details:
- Property Type: Warehouse
- Transaction Amount: £57,000,000
- Square Footage: 500,000
- Price Per Square Foot: £114
- Address: Amazon Fulfillment Center - Barlborough
- Market: Chesterfield
Tritax Big Box Reit, represented by Colin Godfrey, acted as the seller in this deal. On the other side, Warehouse REIT plc secured the property and became the new owner. The sale of this warehouse property marks a significant transaction in the real estate market, showcasing the demand and value of prime logistics assets.
Players
Chester Other Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.28%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93