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4225 Cedardale Drive

LDSR Real Property Acquires 10-Acre Industrial Development Site In Dallas
SOLDDevelopment Site

LDSR Real Property Acquires 10-Acre Industrial Development Site In Dallas

4225 Cedardale Drive & 4551 Cedardale Drive

Building Size

Asset Type

Development Site

Closing

Mar 6, 2024

AI

The sale involved a 10-acre industrial development site located at 4225 and 4551 Cedardale Drive in Dallas. The buyer, LDSR Real Property, purchased the site with plans to construct an industrial service facility. The transaction was brokered by Alex Wilson and Jarrett Huge of Lee & Associates.

Summary of transaction details:

The buyer, LDSR Real Property, was represented in the transaction by Alex Wilson and Jarrett Huge from Lee & Associates. The seller's details remain undisclosed, keeping a level of confidentiality surrounding the deal.

Players

Alex Wilson

Lee & Associates

Broker

9 deals

Broker

Dallas Development Site Market Snapshot

Boundary boundary · Development Site · 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