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1325 Whitlock Ln, Carrollto...

Birtcher Anderson & Davis Acquires Dallas Light Industrial Portfolio In Carrollton Sell
SOLD

Birtcher Anderson & Davis Acquires Dallas Light Industrial Portfolio In Carrollton Sell

1325 Whitlock Ln, Carrollton, TX, 75006

Building Size

300,437 SF

Asset Type

Closing

Nov 22, 2023

AI

The Dallas Light Industrial Portfolio was recently sold in Carrollton, Texas. The portfolio consists of nine Class B in-fill assets totaling 300,437 sq. ft. of industrial space located in Addison and Carrollton. The sale was facilitated by Randy Baird from CBRE on behalf of the seller, Kennington Commercial. The buyers, Birtcher Anderson & Davis, in collaboration with Belay Investment Group, acquired the portfolio in a joint venture.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Undisclosed
  • Address: 1325 Whitlock Ln, Carrollton, TX, 75006
  • Market: Carrollton
  • Seller's Rep: Randy Baird (CBRE)
  • Buyer: Birtcher Anderson & Davis
  • Seller: Kennington Commercial
  • SF: 300437

The sale of the Dallas Light Industrial Portfolio involved key individuals including Jonathan Bryan, Ryan Thornton, and Eliza Bachhuber from CBRE National Partners, who were instrumental in arranging the transaction. The nine buildings within the portfolio are strategically located in the Northwest submarket, offering convenient access to major transportation routes such as I-35, I-635, Dallas North Tollway, and President George Bush Turnpike. This sale marks a strategic reallocation of assets for Kennington Commercial, reflecting the robust demand for industrial spaces in high-growth areas like Addison and Carrollton.

Players

Randy Baird

CBRE

Broker

23 deals

Broker

Birtcher Anderson

Belay Investment Group

Buyer

$62.3M

vol

7 deals

Buyer
KC
Kennington CommercialSeller

Carrollton 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