Link Logistics, an industrial CRE unit of global investment giant Blackstone, is shopping three portfolios of Western warehouses, each encompassing more than 900K SF.
CBRE is marketing the portfolios, which it says are all fully leased with overall weighted average remaining lease term of 3.6 years. The brokerage is touting below-market rents for the properties that can be raised upon rollover, according to a Green Street report.
The estimated value of the entire package is $570M, a $204 per SF valuation that analysts estimate would give a buyer an initial annual yield of nearly 4%.
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