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4445 US Route 90

Steel Dynamics Acquires 55-Acre Development Site In Dayton From Liberty Development Partners
SOLDDevelopment Site

Steel Dynamics Acquires 55-Acre Development Site In Dayton From Liberty Development Partners

4445 US Route 90

Building Size

Asset Type

Development Site

Closing

Nov 22, 2023

AI

Omnisource LLC, a subsidiary of Steel Dynamics, has acquired a 55-acre development site in Gulf Inland Logistics Park, located at 4445 US Route 90, Dayton. The purchase was facilitated by Cushman & Wakefield and Partners Real Estate on behalf of Steel Dynamics. The site, which was sold by Liberty Development Partners, will be used for the construction of a new recycling facility. No construction timeline has been disclosed at this time.

Summary of transation details

  • Property Type: Development Site
  • Transaction Amount: Not disclosed
  • Address: 4445 US Route 90, Dayton
  • Market: Dayton
  • Buyer: Steel Dynamics (represented by Mark Millet)
  • Seller: Liberty Development Partners
  • Buyer's Rep: Andrew Laycock & Michael Keegan (Partners Real Estate)
  • Seller's Rep: Coe Parker, John Littman & Kelley Parker (Cushman & Wakefield)

Steel Dynamics, through its subsidiary Omnisource LLC, has acquired a 55-acre development site at 4445 US Route 90 in Dayton, northeastern Houston. The purchase was successfully negotiated by Andrew Laycock and Michael Keegan from Partners Real Estate, representing Steel Dynamics, and Coe Parker, John Littman, and Kelley Parker from Cushman & Wakefield, representing Liberty Development Partners. The newly acquired site in Gulf Inland Logistics Park will be utilized by Steel Dynamics for the establishment of a recycling facility. Further details regarding the timeline for construction have not been disclosed at this time.

Players

Michael Keegan

Partners Real Estate

Broker

10 deals

Broker

Mark Millet

Buyer

$22.7M

vol

3 deals

Buyer
Liberty Development Partners
Liberty Development PartnersSeller

Marianna 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