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2125 S Great SW Pkwy, Grand...

CI Growth 211 LLC Acquires Flex Property From WC Shady Trail Business Center LLC
SOLD

CI Growth 211 LLC Acquires Flex Property From WC Shady Trail Business Center LLC

2125 S Great SW Pkwy, Grand Prairie...

Building Size

73,600 SF

Asset Type

Closing

Nov 22, 2023

AI

The Parkway Business Center, a five-building flex project spanning 73,600 square feet situated at 2125-2133 S. Great Southwest Parkway in Grand Prairie, has been successfully sold. The transaction involved the seller, WC Shady Trail Business Center LLC, passing ownership to the buyer CI Growth 211 LLC. The deal was facilitated by Josh Meraz, market director of Bradford Commercial Real Estate Services, and Shane Benner, vice president, representing the seller, while Rich Young Jr. of Rich Young Cos. acted as the buyer's representative.

Summary of transaction details:

  • Property Type: Flex project
  • Transaction Amount: Not specified
  • Address: 2125-2133 S. Great Southwest Parkway, Grand Prairie
  • Market: Fort Worth
  • Buyer's Representative: Rich Young Jr., Rich Young Cos.
  • Buyer: CI Growth 211 LLC
  • Seller: WC Shady Trail Business Center LLC
  • Square Footage: 73,600

The successful transaction at the Parkway Business Center involved Josh Meraz, Shane Benner, and Rich Young Jr., who played crucial roles in representing the seller and buyer. The sale marks another notable deal in the active Fort Worth market, showcasing the ongoing commercial real estate developments in the region.

Players

Rich Young Jr

Rich Young Company

Broker

12 deals

Broker
CL
CI Growth 211 LLCBuyer

Fort Worth 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