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Units / buildings13
Size2,700,000 sq ft
MarketGreenwood, SC
Transaction overview
A 13-building, 2.7 million square foot industrial property. The sponsor executed a sale partial leaseback with FujiFilm with lease expirations staggered through 2029.
The property was 67.2% occupied by Fujifilm at closing. The sponsor plans to lease to stabilized occupancy, mark rents to market, and implement a base building capital expenditure plan.
Highlights
- Industrial
- Sale-leaseback
- Value-add capex
- Greenwood, SC
Loan details
- Loan type
- Floating rate bridge loan
- Structure
- Acquisition — sale partial leaseback
Structure
- Recourse
- Typically non-recourse except for standard carve-outs
Terms
- Term
- 6 months to 5 years
Markets
- Markets
- Primary, secondary, and select tertiary U.S. markets
Additional information
- Transaction details are provided for informational purposes based on publicly available deal summaries.
