$15 Million Class A Industrial Acquisition

By Trevor Damyan, Commercial Mortgage Broker at Commercial Lending Solutions

A $15 million Class A industrial acquisition is in the institutional sweet spot of life co, CMBS, and bank balance sheet competition. Class A industrial benefits from continued e-commerce and supply chain demand drivers and competitive lender appetite across all major capital sources.

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What a $15M Class A Industrial Acquisition Capital Stack Looks Like

$15M Class A industrial acquisitions fund as a single senior loan. Life co, CMBS, and bank all compete actively.

Capital Source Rate / Cost Size / LTV Notes
Life insurance company 5.85 to 6.45% (10 to 15 yr fixed) $15M / 55 to 65% LTV Tightest pricing for trophy industrial
CMBS conduit 6.45 to 7.05% (10-year fixed) $15M / 65 to 70% LTV Higher leverage, defeasance prepay
Bank balance sheet 7.05 to 8.05% (5 to 7 yr fixed) $15M / 65 to 70% LTV Recourse typical
Private credit 8.50 to 11.00% $15M / 70 to 75% LTC Value-add or transitional

Pricing reflects active CLS CRE quote pipeline as of April 2026. Specific deal pricing depends on sponsor, property, and structure.

Who Closes a $15M Class A Industrial Acquisition Deal

Typical $15M industrial acquisition sponsors are institutional industrial operators with multi-property portfolios, family offices, and 1031 exchange buyers. Sponsor net worth typically $15M to $100M+.

A Real $15M Example

On a $15.6M acquisition of a 110,000 square foot Class A distribution facility in a Sun Belt logistics market, leased to a credit-tenant 3PL operator on a 12-year triple-net lease, the sponsor was an institutional industrial operator. Life co at 6.05 percent fixed 10-year, 60 percent LTV ($9.4M), with full yield maintenance. Year-one cash-on-cash return tracked underwritten 6.5 percent.

Anonymized. All deal references protect borrower and lender identity.

$15M Industrial Class A Acquisition FAQ

E-commerce, supply chain expansion, and last-mile distribution demand have driven institutional capital concentration in industrial, compressing cap rates.
Rarely. Life co allocator discipline caps stabilized industrial at 60 to 65 percent LTV typically.
Yes. Lender appetite scales with tenant credit and weighted average lease term. Investment-grade tenants with 10+ year WALT command tightest pricing.

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