Fibra Mty has completed the purchase of a Class A industrial warehouse in Guanajuato for approximately US$24.1 million, using cash on hand. The property sits in the Bajío manufacturing corridor, is fully leased under a 10-year contract, and is expected to produce about US$2.1 million in operating income during its first year.
For the Monterrey-based real estate trust, this is a compact but telling transaction: a fully occupied asset, a long lease and a dollar-denominated income stream, aimed at one of the country’s busiest manufacturing and export regions.
Sale-and-leaseback, 10-year term with CPI-linked rent
The warehouse adds roughly 28,000 square meters of rentable area on a site of about 96,500 square meters. The deal was structured as a sale-and-leaseback with an absolute Triple Net contract, a 10-year initial term and annual rent increases linked to the Consumer Price Index.
The read-through is less about one building than about where industrial capital is still finding durable demand. Fibra Mty is extending its manufacturing-and-logistics exposure beyond Nuevo León while keeping the asset backed by an operating tenant from the automotive supply chain.
US$21.1M upfront and US$3M deferred two years
The purchase price is split between an initial US$21.1 million payment and US$3 million deferred for two years, subject to the contract’s conditions. The next useful signal will be how quickly the new lease contributes to Fibra Mty’s reported operating income.
- Where: Guanajuato, in the Bajío manufacturing corridor
- Who: Fibra Mty, a Monterrey-based industrial real estate trust
- Asset: Class A warehouse, approximately 28,000 m² of rentable area
- Value: Approximately US$24.1 million, paid with company cash
- Lease: 100% occupied, 10-year initial term, estimated US$2.1 million first-year NOI