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DCT Industrial Trust Buys Nine SoCal Properties

DENVER-The buildings are being acquired for $79.5 million in three transactions, including one for the controlling interests in five distribution facilities.

By Natalie Dolce | Updated on January 05, 2011

DENVER-Locally based DCT Industrial Trust Inc. has acquired nine properties in the Southern California area with a total value of $79.5 million. The buildings are being acquired in three transactions, including one for the controlling interests in five distribution facilities, a second for three cross-dock truck terminals and a third for a single bulk distribution building.

The purchase price reflects an average $57.50 per square foot value for the distribution buildings and approximately $126,900 per door value for the truck terminals. The combined purchase price is approximately 15% to 20% below estimated replacement cost. 

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