An unknown buyer acquired 12209 West Markham Street, office property in Tampa and 6910 South Memorial Highway from Lexington Realty Trust for $18 million.
January 09, 2018
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An unknown buyer acquired 12209 West Markham Street, office property in Tampa and 6910 South Memorial Highway from Lexington Realty Trust (NYSE:LXP) for $18 million in December 2017. Under the terms of the transaction, buyer paid $3.1 million for 12209 West Markham Street property, $13.7 million for office property in Tampa and $1.2 million for 6910 South Memorial Highway property. For the period ending September 30, 2017, 12209 West Markham Street property had net operating income of $0.24 million and net income of $0.18 million. For the period ending September 30, 2017, office property in Tampa had net operating income of $1.1 million and net income of $0.72 million. For the period ending September 30, 2017, 6910 South Memorial Highway property had net operating income of $0.11 million and net income of $0.003 million.
An unknown buyer completed the acquisition of 12209 West Markham Street, office property in Tampa and 6910 South Memorial Highway from Lexington Realty Trust (NYSE:LXP) in December 2017.
LXP Industrial Trust is a real estate investment trust focused on single-tenant industrial real estate investments across the United States. The Company invests in single-tenant warehouse/distribution real estate. The Company conducts its operations indirectly through property owner subsidiaries, which are single purpose entities; a wholly owned taxable REIT subsidiaries (TRS), Lexington Realty Advisors, Inc., and joint ventures. It has investments in the Lower Midwest and Sunbelt. The Company's warehouse/distribution portfolio includes various industries, such as electronic commerce, automotive, construction/materials, food, apparel, specialty, technology, retail department, aerospace/defense, healthcare, consumer products, transportation/logistics and others. It has ownership interests in approximately 115 consolidated real estate properties, located in 18 states and containing an aggregate of approximately 54.6 million square feet of space, approximately 99.8% of which is leased.
An unknown buyer acquired 12209 West Markham Street, office property in Tampa and 6910 South Memorial Highway from Lexington Realty Trust for $18 million.