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:
- Property Type: Industrial
- Transaction Amount: Not specified
- Buyer: Shopoff Realty Investments
- Seller: CanTex Capital
- Brokers: Stephen Bailey, Dustin Volz, Dom Espinosa, Zach Riebe, and Pauli Kerr - JLL
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
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