{"id":1004599254,"date":"2022-08-22T04:19:24","date_gmt":"2022-08-22T12:19:24","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004599254"},"modified":"2022-12-08T18:54:37","modified_gmt":"2022-12-09T02:54:37","slug":"rse-capital-lands-98m-for-last-mile-portfolio-acquisition","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/rse-capital-lands-98m-for-last-mile-portfolio-acquisition\/","title":{"rendered":"RSE Capital Lands $98M for Last-Mile Portfolio Acquisition"},"content":{"rendered":"
\"\"<\/a>

910 West Carver Road. Image courtesy of Northmarq<\/p><\/div>\n

RSE Capital Partners<\/strong> has secured $97.8 million in acquisition financing for a six-asset industrial portfolio throughout Arizona, Maryland, Georgia and Virginia.<\/p>\n

NorthMarq<\/strong> arranged the permanent, five-year, fixed-rate loan on behalf of the borrower. The loan has 18 months of interest and then a 30-year amortization schedule. Allianz Real Estate<\/strong> was the lender.<\/p>\n

The six properties total nearly 1.1 million square feet and are all located near metropolitan areas with easy access to transportation networks, which makes them suitable for last-mile distribution.<\/p>\n

Six properties close to four metros<\/h2>\n

One of the two Arizona assets within the portfolio is 910 West Carver Road in Tempe, Ariz., a 110,000-square-foot single-tenant industrial property built in 1998. The asset is currently LEED Gold-certified, with 339 parking spaces in a 3.4 spaces per 1,000 square feet parking ratio, according to CommercialEdge data. Insight Automation International is the sole tenant at the property, according to the same data provider.<\/p>\n

The second Arizona industrial property is 215 North 143rd Ave., in Goodyear, Ariz., a 213,229-square-foot asset built in 2020. Hardware Resources is a tenant at the property, according to CommercialEdge data.<\/p>\n

One of the two Maryland assets is 7441 Candlewood Road in Hanover, Md., a 253,330-square-foot single-tenant industrial property built in 1985. Essendant is a tenant at the property, according to the same data provider.<\/p>\n

The second Maryland property is 7980 Tar Bay Drive in Jessup, Md., a 203,615-square-foot single-tenant asset built in 1990.<\/p>\n

The Georgia industrial property is 3435 Jonesboro Road SE in Atlanta, Ga., a 201,989-square-foot single-tenant asset built in 2020.<\/p>\n

The Virginia asset is 22480 Randolph Drive in Sterling, Va., a 76,500-square-foot flex-industrial property built in 2005. Tenants at the property include United Products Distributors, Associated Global Systems and Forward Air, according to CommercialEdge data.<\/p>\n

The average price per square foot of an industrial building in the second quarter of 2022 was $138, up 12.4 percent over the year\u2019s first quarter and 31.3 percent year-over-year. This was the seventh straight quarter with increasing average sale prices for the industrial sector<\/a>. In Atlanta, the average year-to-date sale price per square foot was $110. According to Yardi Matrix, there were $39.6 billion in industrial sales during the first half of 2022.<\/p>\n","protected":false},"excerpt":{"rendered":"

NorthMarq arranged the financing for a collection of six properties. <\/p>\n","protected":false},"author":3142,"featured_media":1004599255,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21808,21825,21748,21783,23891,21742],"tags":[36612,48728,34291],"class_list":["post-1004599254","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-finance","category-industrial","category-investment","category-national","category-latest","tag-allianz-real-estate","tag-fundrise","tag-northmarq-capital"],"acf":[],"yoast_head":"\nRSE Capital Lands $98M for Last-Mile Portfolio Acquisition - CPE<\/title>\n<meta name=\"description\" content=\"NorthMarq arranged the loan for the nearly 1.1 million-square-foot portfolio, while Allianz Real Estate provided the financing.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/rse-capital-lands-98m-for-last-mile-portfolio-acquisition\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"RSE Capital Lands $98M for Last-Mile Portfolio Acquisition\" \/>\n<meta property=\"og:description\" content=\"NorthMarq arranged the loan for the nearly 1.1 million-square-foot portfolio, while Allianz Real Estate provided the financing.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/rse-capital-lands-98m-for-last-mile-portfolio-acquisition\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2022-08-22T12:19:24+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T02:54:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/08\/910-West-Carver-Road.-Image-courtesy-of-Northmarq-e1661161221619.png\" \/>\n\t<meta property=\"og:image:width\" content=\"569\" \/>\n\t<meta property=\"og:image:height\" content=\"427\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Anda Rosu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/rse-capital-lands-98m-for-last-mile-portfolio-acquisition\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/rse-capital-lands-98m-for-last-mile-portfolio-acquisition\\\/\"},\"author\":{\"name\":\"Anda Rosu\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/9ddda76c3d540297067f1385ee79340d\"},\"headline\":\"RSE Capital Lands $98M for Last-Mile Portfolio Acquisition\",\"datePublished\":\"2022-08-22T12:19:24+00:00\",\"dateModified\":\"2022-12-09T02:54:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/rse-capital-lands-98m-for-last-mile-portfolio-acquisition\\\/\"},\"wordCount\":362,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/rse-capital-lands-98m-for-last-mile-portfolio-acquisition\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2022\\\/08\\\/910-West-Carver-Road.-Image-courtesy-of-Northmarq-e1661161221619.png\",\"keywords\":[\"Allianz Real Estate\",\"Fundrise\",\"NorthMarq Capital\"],\"articleSection\":[\"Featured\",\"Finance\",\"Industrial\",\"Investment\",\"National\",\"News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/rse-capital-lands-98m-for-last-mile-portfolio-acquisition\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/rse-capital-lands-98m-for-last-mile-portfolio-acquisition\\\/\",\"name\":\"RSE Capital Lands $98M for Last-Mile Portfolio Acquisition - 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