TPG Angelo Gordon buys 7 leased Industrial Properties for $84M ($66.67psf)

  • 6/5/2024

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TPG Angelo Gordon has paid $84 million, or $66.67/sf, for the SSW Advanced Technologies Portfolio, with seven industrial buildings totaling 1.26 million square feet in Tennessee, Indiana, Iowa and Kentucky. The properties were underwritten to generate $6.47 million of net operating income, which would give TPG Angelo Gordon's purchase price a 7.7 percent capitalization rate.

TPG Angelo Gordon
Scott Glassberg | Managing Director, U.S. Real Estate-Midwest/Mountain

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