From Pulse 2.0 · Amit Chowdhry · · 40s
Alpine Income Property Trust Buys Industrial Portfolio
Alpine Income Property Trust acquires 13 industrial properties for $117.3 million with 10.2-year lease terms.
In brief
Alpine Income Property Trust acquires 13 industrial properties for $117.3 million with 10.2-year lease terms. Alpine Income Property Trust acquired a 13-property industrial portfolio for $117.3 million, featuring 1.9 million sq ft across 11 states with 10.2-year lease terms. Originally reported by Pulse 2.0.
Acquisition Complete
Alpine Income Property Trust completed purchase of 13 industrial properties for $117.3 million across 11 states.
Portfolio Details
The portfolio includes 1.9 million square feet on 209 acres with 10.2-year lease terms and annual rent escalators.
Lease Structure
All properties are leased to nine tenants under absolute triple-net lease arrangements with tenants responsible for taxes, insurance, and maintenance.
The key point
Alpine Income Property Trust acquired a 13-property industrial portfolio for $117.3 million, featuring 1.9 million sq ft across 11 states with 10.2-year lease terms.
