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
- Property Type: Industrial
- Transaction Amount: $48,580,000
- Market: Dallas
- Square Footage: 505,719
- Landlord: MDH Partners - Arun Singh
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
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