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10603 Goodnight Lane, Dalla...

Davidson Bogel Real Estate Acquires Industrial Land In West Hines North, Dallas
LEASEDIndustrial

Davidson Bogel Real Estate Acquires Industrial Land In West Hines North, Dallas

10603 Goodnight Lane, Dallas, Texas 75220, United States

Building Size

217,800 SF

Asset Type

Industrial

Closing

Mar 9, 2022

AI

The property involved in this transaction is an industrial asset located at 10603 Goodnight Ln in the West Hines North market of Dallas. The property spans 5 acres and has a total square footage of 217,800. It was leased on a NNN (Triple Net) basis for the purpose of truck parking.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Date: 03/10/2022
  • Address: 10603 Goodnight Ln
  • Market: West Hines North, Dallas
  • Acres: 5
  • Square Footage: 217,800

The lease transaction was facilitated by the brokers Keaton Duhon, Grant Lake, and David Guinn from Davidson Bogel Real Estate. Davidson Bogel Real Estate (DB2RE) is a boutique land investment advisory group and brokerage firm headquartered in the Dallas-Fort Worth Metroplex. Founded by David Davidson, Jr. and Edward Bogel in 2015, DB2RE specializes in investment and development of land throughout Texas and Oklahoma. They focus on land acquisitions, dispositions, and investment sales for various types of properties such as retail, multi-family, industrial/mixed-use, and single-family communities.

The Industrial Division of DB2RE offers comprehensive real estate expertise and market research, combining it with in-depth knowledge of the industrial market to provide innovative and profitable solutions. They have extensive experience in customized solutions for clients in manufacturing, warehousing, distribution, and research and development. The DB2RE Industrial team understands the unique needs of the industrial sector and strives to meet diverse demands with their comprehensive solutions.

Players

Keaton Duhon

Davidson Bogel Real Estate

Broker

10 deals

Broker

Dallas Industrial Market Snapshot

Boundary boundary · Industrial · Lease 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