Richard Fox-Marrs Of JCB Inc Acquires 3.65 Acre Industrial Site In Medley For $15.75M
10400 Northwest South River Drive
$15,750,000
Building Size
—
Asset Type
Industrial
Closing
Oct 9, 2025
AI
CenterPoint Properties Trust sold an industrial site covering 3.65 acres, which includes a 17,400-square-foot warehouse located at 10400 Northwest South River Drive in Medley for $15.75 million. The property was previously sold for $8.6 million in 2021 and is currently occupied by Sims Crane & Equipment Co.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $15,750,000
- Buyer: Richard Fox-Marrs - JCB Inc
- Seller: Jim Clewlow - CenterPoint Properties Trust
- Market: Medley
- Acres: 3.65
- Warehouse Size: 17,400 square feet
Richard Fox-Marrs represented JCB Inc, while Jim Clewlow represented CenterPoint Properties Trust in this transaction, facilitating the exchange of the industrial property in Medley.
Players
Medley Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.01%
Cash-on-Cash
-0.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93