BKM Capital Partners And German American Realty GmbH Acquire Industrial Park In Grand Prairie For $11M

The industrial property involved in this transaction is located at 1000 Post & Paddock Road in Grand Prairie, TX, occupying a total of 4.5 acres. The sale price for the asset was $11,000,000, with a total square footage of 78,000 and a price per square foot of $141.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $11,000,000
• Address: 1000 Post & Paddock Road
• Market: Grand Prairie, TX
• Asset Size: 4.5 Acres
• Square Footage: 78,000
• Price Per Square Foot: $141
• Buyer: Brian Malliet - BKM Capital Partners, German American Realty GmbH; Burchard von Arnim - German American Realty GmbH
• Seller: PHP & Caprock
• Broker: Eliza Bachhuber & Elliott Dow - CBRE

This acquisition was executed by buyers Brian Malliet and Burchard von Arnim, who represent BKM Capital Partners and German American Realty GmbH, respectively. The transaction involved the purchase of the Post & Paddock Industrial Park, which is 83% occupied and comprises three buildings. The buyers intend to initiate capital improvements to modernize the property and focus on future rent growth through upcoming lease rollovers.