32M Archives - VRJ Properties https://vrjproperties.com/tag/32m/ Multifamily and Commercial Real Estate Investments Thu, 06 Jun 2024 22:53:58 +0000 en-US hourly 1 https://vrjproperties.com/wp-content/uploads/cropped-favicon-512x512-1-32x32.png 32M Archives - VRJ Properties https://vrjproperties.com/tag/32m/ 32 32 B+E Brokers Sale of Portland FedEx Property for $32M https://vrjproperties.com/be-brokers-sale-of-portland-fedex-property-for-32m/ Mon, 03 Jun 2024 22:39:33 +0000 https://vrjproperties.com/be-brokers-sale-of-portland-fedex-property-for-32m/ B+E, an investment brokerage firm specializing in net lease real estate, announced the sale of a FedEx Ground distribution facility in Portland’s Swan Island Industrial Park for $32.5 million. The cap rate establishes the 2024 benchmark cap rate for FedEx....

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B+E, an investment brokerage firm specializing in net lease real estate, announced the sale of a FedEx Ground distribution facility in Portland’s Swan Island Industrial Park for $32.5 million.

The cap rate establishes the 2024 benchmark cap rate for FedEx. B+E represented the seller and procured the buyer, both family offices. “We’re excited to achieve this outcome on behalf of our seller, despite an elevated interest rate environment and the short remaining lease term on the asset,” said B+E Associate Director William Brooks.

“We ran an extremely competitive bid process that generated multiple offers, showing that the market still has a voracious appetite for quality net lease industrial assets like this one.”

The post B+E Brokers Sale of Portland FedEx Property for $32M appeared first on Connect CRE.



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]]> Oracle-Occupied Data Center in Oregon Sells for $32M https://vrjproperties.com/oracle-occupied-data-center-in-oregon-sells-for-32m/ Fri, 19 Jan 2024 23:31:10 +0000 https://vrjproperties.com/oracle-occupied-data-center-in-oregon-sells-for-32m/ An Oracle-occupied data center in Oregon has been sold to a new landlord. Commercial real estate firms Five 9s Digital and Romans Properties advised an unnamed institutional client in acquiring the 91,000-square-foot single-tenant data center in Hillsboro, Oregon. The asset...

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An Oracle-occupied data center in Oregon has been sold to a new landlord. Commercial real estate firms Five 9s Digital and Romans Properties advised an unnamed institutional client in acquiring the 91,000-square-foot single-tenant data center in Hillsboro, Oregon.

The asset sold for $31.75 million. Oracle is the only tenant in the facility and recently extended its lease. The company also operates a second adjacent facility at 3295 NE 83rd Avenue, reported DCD.

Five 9s Digital offers national data center real estate solutions, brokerage, consulting and development services. Romans Properties is a Charlotte-based full-service brokerage that specializes in data centers and commercial properties.

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