GPR Ventures Secures $23.4M Loan For Acquisition Of DFW Corporate Park In Grand Prairie
2100 N State Highway 360
$23,400,000
$110/SF
Building Size
211,000 SF
Asset Type
Industrial
Closing
Dec 28, 2023
AI
A California-based company, GPR Ventures, has secured a $23.4 million acquisition loan from Gantry Inc. The loan was obtained for the purchase of DFW Corporate Park, an industrial complex located in Grand Prairie, Texas. The property spans 211,000 square feet and consists of 22 buildings, which offer warehouse, office, and showroom space. Situated along State Highway 360, the complex presents a prime location for businesses.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $23,400,000
- Address: 2100 North State Highway 360, Grand Prairie, Texas
- Market: Grand Prairie
- Landlord: Glen Yonekura - GPR Ventures
- Lender: Gantry
- Loan Type: Acquisition Loan
Glen Yonekura, representing GPR Ventures, acted as the landlord in this transaction. Gantry Inc. served as the lender, arranging the financing for the acquisition of the DFW Corporate Park by GPR Ventures. This deal enables GPR Ventures to expand its portfolio with a significant industrial asset in Grand Prairie.
Players
Grand Prairie 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
0.68%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93