Arthur B. Birtcher And Eliza Bailey Sell 49,650-SF Industrial Property In Carrollton Texas
1415 Whitlock Lane & 1425 Whitlock Lane
Building Size
99,300 SF
Asset Type
—
Closing
May 28, 2026
AI
The transaction involved a two-building industrial property located at 1415 & 1425 Whitlock Lane in Carrollton, Texas. This asset encompasses a total square footage of 49,650 and was fully leased at the time of the exit. The property was acquired by the sellers in 2021 and benefited from a strategic plan focused on rent growth and renovations. The rents increased by approximately 43% from the acquisition levels, reflecting the strong demand for infill industrial space in North Dallas.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 1415 & 1425 Whitlock Lane
- Market: Carrollton, TX
- Square Footage: 49,650
- Seller: Arthur B. Birtcher - Birtcher Anderson & Davis Associates
- Seller: Eliza Bailey - Belay Investment Group
- Date of Transaction: 05/28/2026
Arthur B. Birtcher, representing Birtcher Anderson & Davis Associates, along with Eliza Bailey from Belay Investment Group, facilitated the sale of the Whitlock I industrial property. Both sellers implemented a successful strategy that significantly enhanced the asset's performance in the competitive North Dallas market.
Players
Market CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93