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.
Why it matters
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.
What to watch
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