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:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 101 Clay Road
- Market: Sunnyvale
- Size: 518,000 SF
- Acres: 32.5
- Buyer: CapRock Partners
- Broker Representatives: Dalton Knipe, Kurt Griffin, Nathan Orbin & Weston King - JLL
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
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