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10202 Miller Road

M2G Ventures Acquires 215000 Square Foot Industrial Complex In Garland Texas
SOLDIndustrial

M2G Ventures Acquires 215000 Square Foot Industrial Complex In Garland Texas

10202 Miller Road

Building Size

215,000 SF

Asset Type

Industrial

Closing

Feb 12, 2025

AI

The property asset involved in the transaction is an industrial complex located at 10202 Miller Road in Dallas. The asset encompasses a total square footage of 215,000. Built in 1975, the four-building property features 24-foot clear heights and was reported to be 98% leased to 10 tenants.

Summary of transaction details:

M2G Ventures, represented by Susan Miller Gruppi and Jessica Miller Essl, has acquired the Northgate industrial complex. The transaction was facilitated by Newmark brokers who represented the buyer in the deal. The seller's identity was not disclosed.

Players

Stephen Bailey

Newmark

Broker

$323.3M

vol

48 deals

Broker

Dallas 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