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11221 Pagemill Road, Dallas...

Shopoff Realty Investments Acquires Industrial Properties In Dallas, Garland & Mesquite For SF: 689,497
SOLDIndustrial

Shopoff Realty Investments Acquires Industrial Properties In Dallas, Garland & Mesquite For SF: 689,497

11221 Pagemill Road, Dallas, Texas 75243, United States

Building Size

689 SF

Asset Type

Industrial

Closing

Jan 9, 2023

AI

The recently closed property transaction involves an industrial asset located in Dallas, Garland, and Mesquite. The property, encompassing approximately 689,497 square feet, is situated at 11221, 11333 Pagemill Road, 2917 Oakland Ave, 1515 Big Town Blvd, and 3914-3920 U.S. Highway 80.

Summary of transaction details:

The deal involved Shopoff Realty Investments as the buyer and CanTex Capital as the seller. Facilitating the transaction were brokers Stephen Bailey, Dustin Volz, Dom Espinosa, Zach Riebe, and Pauli Kerr from JLL.

Players

Stephen Bailey

Newmark

Broker

$323.3M

vol

48 deals

Broker
SI
Shopoff Realty InvestmentsBuyer

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