Ourinvest Sells Warehouse in Duque de Caxias, in Rio, for R$ 87 Million

Transaction involves 49,600 sqm with an 8.59% Cap Rate

Rodrigo Possenti, Head of Fiis and Portfolio Manager at Fator

By: SiiLA News

08/05/2025

On Monday (4), the Ourinvest Logística REIT (OULG11), owned by Fator, announced the sale of a industrial warehouse in Duque de Caxias (RJ) to Prologis for R$ 87 million.

The property, located within the CL Duque complex, comprises two warehouses—G1 and G3—totaling 102,200 sqm. However, the transaction covers only the G1 unit, which represents 49,603 sqm. The space is currently leased to two retailers: O Amigão and American Pet.

The price paid equates to R$ 1,700 per sqm, with full payment made upon the signing of the deed. The transaction achieved a cap rate of 8.59%. According to the Market Analytics platform, the market rent for the property stands at R$ 20.61/sqm—approximately two reais below the average for the region.

Full details of the deal, including transaction value and analyses of the Stabilized, Year 1, and Brazilian Cap Rates, are available exclusively to subscribers of SiiLA’s Market Analytics platform.

Strong Market Momentum in Duque de Caxias

Source: Market Analytics, SiiLA

The Duque de Caxias region, in the state of Rio de Janeiro, currently offers 980,900 sqm of A and A+ class warehouse space. Since 2023, the local vacancy rate has plummeted from 26.36% to 3.19%—a sharp 23.17 percentage point decline.

During this period, only one new project was delivered: the Hlog Galeão warehouse, with 21,100 sqm, completed in Q3 2023. Despite the limited supply, the area continues to attract companies thanks to its strategic location near the port, Rio de Janeiro’s international airport, and the state’s main population centers.

Although the vacancy rate remains low, no new supply is currently planned for delivery in the coming months. The CL Duque complex was initially designed to include four warehouses. While G1 and G3 have been completed, construction of G2 and G4 has not yet been scheduled. Together, these two units could add another 100,000 sqm of space to the market.

A Week of Active Deals

On Tuesday (5), Ourinvest also announced the sale of the Fator Juiz de Fora property in Minas Gerais. The B-class warehouse, spanning 31,800 sqm, is set to be acquired by Ematex Industrial e Comercial Têxtil for R$ 36.15 million.

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