Updated Oct 29, 2024
National Life Provides $10M Loan For Industrial Properties In Dallas
1444 North Cockrell Hill Road, Dallas, TX, USA
$10,000,000
Building Size
—
Asset Type
Industrial
Closing
Jun 7, 2020
About this deal
AI
A loan worth $10,000,000 was secured for an industrial property in Dallas. The property consists of three addresses: 1444 N. Cockrell Hill Boulevard, 4310 Adler Drive, and 4305 Pinnacle Point Drive.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $10,000,000
- Market: Dallas
The loan was provided by National Life, and the deal was brokered by JLL. DJ Meagher, Paul Brindley, and Dillon Donald of JLL represented the parties involved in the transaction.
The industrial loan at 1444 North Cockrell Hill Road, Dallas, TX, USA in Dallas, Texas financed for $10M in 2020. 1444 North Cockrell Hill Road, Dallas, TX, USA is classified as Industrial on Traded. Dillon Donald, DJ Meagher, Paul Brindley, JLL appear on the loan alongside JLL. This page is the Dallas, Texas file for the 1444 North Cockrell Hill Road, Dallas, TX, USA industrial financed: pricing, party profiles, and other closed industrial comps from the same Dallas sit in the Market section below. Filter that Dallas industrial set by closing date to see what else financed near 1444 North Cockrell Hill Road, Dallas, TX, USA around 2020. Published consideration for 1444 North Cockrell Hill Road, Dallas, TX, USA is $10M, dated 2020. Cite this National Life Provides $10M Loan For Industrial Properties In Dallas loan when underwriting similar industrial product around Dallas, Texas.
Players
Dallas Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.59%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93