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:
- Property Type: Development Site
- Transaction Amount: Not disclosed
- Address: 4225 & 4551 Cedardale Drive
- Market: Dallas
- Buyer: LDSR Real Property
- Brokers: Alex Wilson & Jarrett Huge - Lee & Associates
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
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