Updated May 15, 2025
David Gladstone Of Gladstone Commercial Corp Acquires Industrial Property In Germantown For $62.7M
Gateway Drive
$62,700,000
$206/SF
Building Size
303,991 SF
Asset Type
Industrial
Closing
May 13, 2025
About this deal
AI
A fully leased industrial property located at W206 N12880 Gateway Court in Germantown, WI, was sold for $62.7 million. The asset encompasses 303,991 square feet, translating to a price per square foot of $206, with an accompanying cap rate of 8.74%.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $62,700,000
- Buyer: David Gladstone - Gladstone Commercial Corp
- Seller: Briohn Building Corp
- Square Footage: 303,991
- Price Per Square Foot: $206
- Cap Rate: 8.74%
- Market: Germantown, WI
David Gladstone represented Gladstone Commercial Corp in the acquisition of the property from Briohn Building Corp, indicating an active participation in expanding their industrial portfolio.
On the Map
$62,700,000
$206/SF
Industrial
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Players
Sister Bay 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
0.25%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93