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3551 Dan Morton Drive

JLL Capital Markets Arranges $48.6M Loan For Industrial Properties In Dallas And San Antonio
FINANCEDIndustrial

JLL Capital Markets Arranges $48.6M Loan For Industrial Properties In Dallas And San Antonio

3551 Dan Morton Drive

$48,580,000

$96/SF

Building Size

505,719 SF

Asset Type

Industrial

Closing

Apr 8, 2020

AI

MDH Partners, represented by Arun Singh, is the landlord of the industrial property located at 3551 Dan Morton Drive in Dallas, Texas. The property spans 505,719 square feet and is part of the Dallas market. The property was involved in a closed transaction on 04/08/2021.

Summary of transation details

The loan for the property was secured through JLL Capital Markets, with Christopher Drew, Maxx Carney, Reid Carleton, Jeremy Womack, and Jarrod McCabe serving as the brokers. The loan amount is $48,580,000 and it has a term of three years with a floating interest rate.

Players

Christopher Drew

JLL

Broker

$4.7B

vol

48 deals

Broker
MDH Partners
MDH PartnersBrokerage
Arun Singh

Arun Singh

MDH Partners

Landlord

$402.4M

vol

5 deals

Landlord

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

0.33%

Cash-on-Cash

-0.09%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93