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
About this deal
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.
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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