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101 Clay Road

CapRock Partners Acquires 32.5 Acres In Sunnyvale For Clay Road Business Park Development
SOLDIndustrial

CapRock Partners Acquires 32.5 Acres In Sunnyvale For Clay Road Business Park Development

101 Clay Road

Building Size

518,000 SF

Asset Type

Industrial

Closing

Sep 16, 2024

AI

The asset involved in this transaction is an industrial property located at 101 Clay Road, Sunnyvale, Texas. The property comprises 32.5 acres and offers a total square footage of 518,000, intended for the development of an industrial park comprising three warehouses.

Summary of transaction details:

CapRock Partners is executing its first ground-up project in Texas with the acquisition of this property. The development, known as Clay Road Business Park, is anticipated to be completed by 2026, reflecting the robust industrial demand in the Dallas-Fort Worth area.

Players

Nathan Orbin

JLL

Broker

6 deals

Broker

Sunnyvale Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93