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Real Estate · Industrial

Fibra Mty Signs US$22M Santa Catarina Warehouse Deal

The agreement covers two fully occupied warehouses in Santa Catarina, with dollar-denominated, CPI-linked leases; Fibra Mty has not closed the US$22 million transaction.

Illustration for: Fibra Mty Signs US$22M Santa Catarina Warehouse Deal

Fibra Mty signed an agreement to acquire two industrial warehouses in Santa Catarina, Nuevo León, for approximately US$22 million, subject to conditions; the purchase has not closed.

The portfolio totals 21,300 square meters and is fully occupied. Its tenants are a Swedish metal-components manufacturer and a Mexican corrugated-cardboard packaging company.

Both leases are denominated in U.S. dollars under triple-net terms, with annual increases linked to the consumer price index. The weighted-average remaining lease term is 4.2 years.

Fibra Mty estimates annual net operating income of US$1.68 million for the first 12 months after closing.

  • Location: Santa Catarina, Nuevo León.
  • Agreement value: approximately US$22 million, plus applicable taxes and acquisition costs.
  • Assets: two warehouses with about 21,300 square meters of leasable area.
  • Occupancy: fully leased to two manufacturing and packaging tenants.
  • Lease profile: U.S.-dollar, triple-net contracts with CPI-linked annual increases and 4.2 years of weighted-average term remaining.
  • Estimated first-year net operating income after closing: US$1.68 million.
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Sources · 2 sources

The primary reporting behind this brief. Open in a new tab.

  1. El Economistaeleconomista.com.mx
  2. Mileniomilenio.com