Plymouth Industrial REIT Expands Portfolio in Atlanta and Cincinnati
Plymouth Industrial REIT (NYSE: PLYM) has completed $65.1 million in acquisitions during Q1 2025, expanding its portfolio across Atlanta and Cincinnati. The transactions include:
1. Four buildings in Cincinnati (240,578 sq ft) for $17.9 million at 7.0% NOI yield, 100% leased to ten tenants
2. A Cincinnati warehouse (263,000 sq ft) for $23.3 million at 6.7% NOI yield, single-tenant with 3.25% annual rent increases
3. Madison International's 98% joint venture interest in Atlanta (297,583 sq ft) for $23.9 million at 6.8% NOI yield
The combined acquisitions total 801,161 square feet of industrial space, featuring 100% occupancy and a weighted average lease term of 4.4 years.
Plymouth Industrial REIT (NYSE: PLYM) ha completato acquisizioni per un totale di 65,1 milioni di dollari nel primo trimestre del 2025, ampliando il suo portafoglio tra Atlanta e Cincinnati. Le transazioni includono:
1. Quattro edifici a Cincinnati (240.578 piedi quadrati) per 17,9 milioni di dollari con un rendimento NOI del 7,0%, interamente affittati a dieci inquilini.
2. Un magazzino a Cincinnati (263.000 piedi quadrati) per 23,3 milioni di dollari con un rendimento NOI del 6,7%, affittato a un unico inquilino con aumenti annuali dell'affitto del 3,25%.
3. L'interesse del 98% in joint venture di Madison International ad Atlanta (297.583 piedi quadrati) per 23,9 milioni di dollari con un rendimento NOI del 6,8%.
Le acquisizioni complessive ammontano a 801.161 piedi quadrati di spazio industriale, con un'occupazione del 100% e una durata media ponderata del contratto di locazione di 4,4 anni.
Plymouth Industrial REIT (NYSE: PLYM) ha completado adquisiciones por un total de 65,1 millones de dólares en el primer trimestre de 2025, ampliando su cartera en Atlanta y Cincinnati. Las transacciones incluyen:
1. Cuatro edificios en Cincinnati (240,578 pies cuadrados) por 17,9 millones de dólares con un rendimiento NOI del 7,0%, 100% arrendados a diez inquilinos.
2. Un almacén en Cincinnati (263,000 pies cuadrados) por 23,3 millones de dólares con un rendimiento NOI del 6,7%, arrendado a un solo inquilino con aumentos anuales de alquiler del 3,25%.
3. La participación del 98% en la empresa conjunta de Madison International en Atlanta (297,583 pies cuadrados) por 23,9 millones de dólares con un rendimiento NOI del 6,8%.
Las adquisiciones combinadas suman 801,161 pies cuadrados de espacio industrial, con una ocupación del 100% y un plazo de arrendamiento promedio ponderado de 4,4 años.
플리머스 산업 REIT (NYSE: PLYM)는 2025년 1분기에 6,510만 달러 규모의 인수를 완료하여 애틀란타와 신시내티에서 포트폴리오를 확장했습니다. 거래 내용은 다음과 같습니다:
1. 신시내티의 네 개 건물(240,578 평방피트)을 1,790만 달러에 구매하여 7.0% NOI 수익률을 기록하며, 100% 임대되었습니다.
2. 신시내티의 창고(263,000 평방피트)를 2,330만 달러에 구매하여 6.7% NOI 수익률을 기록하며, 단일 임차인에게 3.25%의 연간 임대료 인상이 적용됩니다.
3. 애틀란타의 매디슨 인터내셔널의 98% 합작 투자 지분(297,583 평방피트)을 2,390만 달러에 구매하여 6.8% NOI 수익률을 기록했습니다.
총 인수 규모는 801,161 평방피트의 산업 공간으로, 100%의 점유율과 평균 임대 기간이 4.4년입니다.
Plymouth Industrial REIT (NYSE: PLYM) a réalisé des acquisitions d'une valeur totale de 65,1 millions de dollars au premier trimestre 2025, élargissant son portefeuille à Atlanta et Cincinnati. Les transactions incluent :
1. Quatre bâtiments à Cincinnati (240 578 pieds carrés) pour 17,9 millions de dollars avec un rendement NOI de 7,0 %, entièrement loués à dix locataires.
2. Un entrepôt à Cincinnati (263 000 pieds carrés) pour 23,3 millions de dollars avec un rendement NOI de 6,7 %, loué à un seul locataire avec des augmentations annuelles de loyer de 3,25 %.
3. La participation de 98 % dans une coentreprise de Madison International à Atlanta (297 583 pieds carrés) pour 23,9 millions de dollars avec un rendement NOI de 6,8 %.
Les acquisitions combinées totalisent 801 161 pieds carrés d'espace industriel, avec un taux d'occupation de 100 % et une durée de bail moyenne pondérée de 4,4 ans.
Plymouth Industrial REIT (NYSE: PLYM) hat im ersten Quartal 2025 Akquisitionen im Wert von 65,1 Millionen US-Dollar abgeschlossen und sein Portfolio in Atlanta und Cincinnati erweitert. Die Transaktionen umfassen:
1. Vier Gebäude in Cincinnati (240.578 Quadratfuß) für 17,9 Millionen US-Dollar mit einer NOI-Rendite von 7,0%, 100% vermietet an zehn Mieter.
2. Ein Lagerhaus in Cincinnati (263.000 Quadratfuß) für 23,3 Millionen US-Dollar mit einer NOI-Rendite von 6,7%, Einzelmieter mit jährlichen Mietsteigerungen von 3,25%.
3. Madison Internationals 98% Joint-Venture-Anteil in Atlanta (297.583 Quadratfuß) für 23,9 Millionen US-Dollar mit einer NOI-Rendite von 6,8%.
Die kombinierten Akquisitionen umfassen insgesamt 801.161 Quadratfuß Industriefläche, mit einer Belegungsrate von 100% und einer gewichteten durchschnittlichen Mietdauer von 4,4 Jahren.
- 100% occupancy across all acquired properties
- Attractive NOI yields ranging from 6.7% to 7.0%
- Secured 3.25% annual rent increases in Cincinnati warehouse
- Strategic expansion in key markets below replacement cost
- Relatively short weighted average lease term of 4.4 years
Closed on
BOSTON, March 20, 2025 (GLOBE NEWSWIRE) -- Plymouth Industrial REIT, Inc. (NYSE: PLYM) (the “Company”) today announced it has acquired the second tranche of the previously announced Cincinnati small bay industrial portfolio consisting of four buildings totaling 240,578 square feet for
In Atlanta, the Company purchased Madison International’s
Across three separate transactions in Atlanta, Georgia and Cincinnati, Ohio, totaling 801,161 square feet, the Company closed on
Jeff Witherell, CEO and Co-Founder of Plymouth Industrial REIT, noted, “These acquisitions align with our strategy of expanding in key markets at below replacement cost while securing stable cash flow and long-term value appreciation. As we continue to deploy capital into high-quality industrial assets, we remain focused on enhancing our portfolio’s income potential and market presence.”
About Plymouth
Plymouth Industrial REIT, Inc. (NYSE: PLYM) is a full service, vertically integrated real estate investment company focused on the acquisition, ownership and management of single and multi-tenant industrial properties. Our mission is to provide tenants with cost-effective space that is functional, flexible and safe.
Forward-Looking Statements
This press release includes “forward-looking statements” that are made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933 and of Section 21E of the Securities Exchange Act of 1934. The forward-looking statements in this release do not constitute guarantees of future performance. Investors are cautioned that statements in this press release, which are not strictly historical statements, including, without limitation, statements regarding management's plans, objectives and strategies, statements regarding estimated NOI yields, as well as statements regarding the timing of the consummation of the transactions, if at all, and the anticipated benefits therefrom, constitute forward-looking statements. Such forward-looking statements are subject to a number of known and unknown risks and uncertainties that could cause actual results to differ materially from those anticipated by the forward-looking statements, many of which may be beyond our control. Forward-looking statements generally can be identified by the use of forward-looking terminology such as “may,” “plan,” “seek,” “will,” “expect,” “intend,” “estimate,” “anticipate,” “believe” or “continue” or the negative thereof or variations thereon or similar terminology. Any forward-looking information presented herein is made only as of the date of this press release, and we do not undertake any obligation to update or revise any forward-looking information to reflect changes in assumptions, the occurrence of unanticipated events, or otherwise.
Contacts:
Plymouth Industrial REIT, Inc.
John Wilfong
SCR Partners
IR@plymouthreit.com
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