Plymouth Industrial REIT Expands Portfolio in Atlanta
Plymouth Industrial REIT (NYSE: PLYM) has acquired a 100,420-square-foot single-tenant warehouse facility in southwest Atlanta for $11.7 million, with an initial NOI yield of 6.95%. The modern facility, built in 2014, is fully leased through May 2030 to a consumer self-care products provider, featuring a triple net lease with 3.0% annual rent escalations.
The property includes tilt-wall construction, 30-foot clear heights, and 100% air conditioning/climate control. This acquisition expands Plymouth's Atlanta market presence to 15 buildings totaling approximately 2.5 million square feet. The company has closed on $76.8 million of acquisitions year-to-date, focusing on well-located, infill industrial assets at discounts to replacement cost.
Plymouth Industrial REIT (NYSE: PLYM) ha acquisito un magazzino monoutente di 100.420 piedi quadrati nel sud-ovest di Atlanta per 11,7 milioni di dollari, con un rendimento iniziale del NOI del 6,95%. La struttura moderna, costruita nel 2014, è completamente affittata fino a maggio 2030 a un fornitore di prodotti per la cura personale, con un contratto di locazione triple net e incrementi annuali del canone del 3,0%.
La proprietà presenta una struttura in pareti prefabbricate, un'altezza libera di 30 piedi e il 100% di aria condizionata/climatizzazione. Questa acquisizione amplia la presenza di Plymouth nel mercato di Atlanta a 15 edifici per un totale di circa 2,5 milioni di piedi quadrati. L'azienda ha concluso acquisizioni per un valore di 76,8 milioni di dollari dall'inizio dell'anno, concentrandosi su immobili industriali ben posizionati e integrati, acquistati a prezzi inferiori al costo di sostituzione.
Plymouth Industrial REIT (NYSE: PLYM) ha adquirido una nave industrial monoinquilino de 100,420 pies cuadrados en el suroeste de Atlanta por 11.7 millones de dólares, con un rendimiento inicial del NOI del 6.95%. La moderna instalación, construida en 2014, está totalmente arrendada hasta mayo de 2030 a un proveedor de productos de autocuidado para consumidores, con un contrato triple neto y incrementos anuales de renta del 3.0%.
La propiedad cuenta con construcción de muros inclinados, alturas libres de 30 pies y 100% de aire acondicionado/control climático. Esta adquisición amplía la presencia de Plymouth en el mercado de Atlanta a 15 edificios que suman aproximadamente 2.5 millones de pies cuadrados. La compañía ha cerrado adquisiciones por 76.8 millones de dólares en lo que va del año, enfocándose en activos industriales bien ubicados y de relleno a precios por debajo del costo de reemplazo.
Plymouth Industrial REIT (NYSE: PLYM)는 애틀랜타 남서부에 위치한 100,420평방피트 규모의 단일 임차인 창고 시설을 1,170만 달러에 인수했으며, 초기 순영업소득(NOI) 수익률은 6.95%입니다. 2014년에 지어진 현대식 시설로, 소비자 셀프케어 제품 공급업체에 2030년 5월까지 완전히 임대되어 있으며, 연간 3.0% 임대료 인상이 포함된 트리플 넷 리스 계약입니다.
이 부동산은 틸트월 구조, 30피트 클리어 높이, 100% 에어컨/기후 제어 시스템을 갖추고 있습니다. 이번 인수로 Plymouth는 애틀랜타 시장에서 약 250만 평방피트 규모의 15개 건물을 보유하게 되었습니다. 회사는 올해 들어 7,680만 달러 규모의 인수를 완료했으며, 교체 비용 대비 할인된 가격의 입지 좋은 산업용 자산에 집중하고 있습니다.
Plymouth Industrial REIT (NYSE : PLYM) a acquis un entrepôt mono-locataire de 100 420 pieds carrés dans le sud-ouest d'Atlanta pour 11,7 millions de dollars, avec un rendement initial du NOI de 6,95 %. Cette installation moderne, construite en 2014, est entièrement louée jusqu'en mai 2030 à un fournisseur de produits de soins personnels, avec un bail triple net incluant des augmentations annuelles de loyer de 3,0 %.
La propriété comprend une construction en murs inclinés, une hauteur libre de 30 pieds et une climatisation/contrôle climatique à 100 %. Cette acquisition étend la présence de Plymouth sur le marché d'Atlanta à 15 bâtiments totalisant environ 2,5 millions de pieds carrés. La société a conclu pour 76,8 millions de dollars d'acquisitions depuis le début de l'année, se concentrant sur des actifs industriels bien situés, en milieu urbain, achetés à des prix inférieurs au coût de remplacement.
Plymouth Industrial REIT (NYSE: PLYM) hat eine 100.420 Quadratfuß große Lagerhalle mit einem einzigen Mieter im Südwesten von Atlanta für 11,7 Millionen US-Dollar erworben, mit einer anfänglichen NOI-Rendite von 6,95 %. Die moderne Anlage, erbaut im Jahr 2014, ist vollständig bis Mai 2030 an einen Anbieter von Selbstpflegeprodukten für Verbraucher vermietet und verfügt über einen Triple-Net-Mietvertrag mit jährlichen Mietsteigerungen von 3,0 %.
Die Immobilie verfügt über eine Tilt-Wand-Konstruktion, 30 Fuß lichte Höhe und 100 % Klimatisierung/Klimakontrolle. Mit diesem Erwerb erweitert Plymouth seine Präsenz auf dem Atlanta-Markt auf 15 Gebäude mit insgesamt etwa 2,5 Millionen Quadratfuß. Das Unternehmen hat im laufenden Jahr Akquisitionen im Wert von 76,8 Millionen US-Dollar abgeschlossen und konzentriert sich auf gut gelegene, innerstädtische Industrieimmobilien, die unter den Wiederbeschaffungskosten liegen.
- Acquisition secured at 6.95% NOI yield with long-term lease through 2030
- Triple net lease structure with 3.0% annual rent escalations provides stable income growth
- Property features modern specifications and is 100% occupied
- Strategic expansion in Atlanta market, growing portfolio to 2.5 million square feet
- Purchase price represents discount to replacement cost
- None.
Closed on
BOSTON, May 28, 2025 (GLOBE NEWSWIRE) -- Plymouth Industrial REIT, Inc. (NYSE: PLYM) (the “Company”) today announced the acquisition of a 100,420-square-foot single-tenant warehouse facility in southwest Atlanta, GA for
The property is fully leased through May 2030 to a leading consumer self-care products and solutions provider. The lease is triple net and features
Built in 2014, the modern facility features tilt-wall construction, 30-foot clear heights, and
Jeff Witherell, CEO and Co-Founder of Plymouth Industrial REIT, noted, “We continue to identify accretive opportunities to scale in our core markets by targeting well-located, highly functional infill industrial assets. We expect acquisitions like this, secured at meaningful discounts to replacement cost and supported by strong fundamentals, to provide attractive risk-adjusted returns and align with our long-term strategy.”
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 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.
Ethan Farris
IR@plymouthreit.com
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