Birtcher Anderson & Davis And Belay Investment Group Sell Industrial Portfolio In Dallas–Fort Worth
Building Size
439,916 SF
Asset Type
Industrial
Closing
Nov 13, 2024
AI
An eight-property light industrial portfolio, totaling 439,916 square feet, was sold in the Dallas–Fort Worth market. The portfolio is 87.7% leased to over 85 tenants, highlighting a diverse tenant base within the assets.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Strong sale price
- Date: 11/13/2024
- Address: Industrial Portfolio
- Market: Dallas–Fort Worth
- Asset Size: 439,916 SF
- Seller Representatives: Bob Anderson - Birtcher Anderson & Davis; Eliza Bailey - Belay Investment Group
- Broker: Stephen Bailey - Newmark
- Leased Percentage: 87.7%
- Number of Tenants: Over 85
Birtcher Anderson & Davis, in partnership with Belay Investment Group, achieved their fifth successful exit focused on infill, multi-tenant light industrial assets through this transaction. The portfolio was marketed by Newmark, showcasing the partnership's effective strategy in the industrial real estate market.
Players
Market Industrial Market Snapshot
Boundary boundary · Industrial · 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