Paun Peters Of Corinth Land Company Acquires 19000 SF Industrial Property In Euless TX
1131 South Airport Circle
Building Size
19,000 SF
Asset Type
Industrial
Closing
Aug 12, 2025
AI
The property involved in this transaction is a fully leased industrial asset located at 1131 South Airport Circle, Euless, TX, with a total square footage of 19,000. This asset is categorized as an industrial property and is part of the South Airport Circle Business Park.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Buyer: Paun Peters - Corinth Land Company
- Lender: Tim Whitlock - Pinnacle Bank
- Closing Date: August 1, 2025
- Market: Euless
This transaction marks the third acquisition of industrial flex properties by Corinth Land Company in the high-demand, infill DFW submarkets. The deal was financed through Pinnacle Bank, reflecting Corinth's strategic objectives in the local market.
Players
Euless 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