FCPT Announces Acquisition of a Drilling Tools International Property for $4.7 Million
FCPT acquired a Drilling Tools International property in Louisiana for $4.7 million, a transaction priced at a 7.1% cap rate. The manufacturing and rental facility is corporate-operated under a long-term triple net lease with approximately 11 years of term remaining.
Key figures
- Deal Value Usd
- 4700000
- Cap rate
- 7.1%
- Lease term years
- 11
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