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1131 South Airport Circle

Paun Peters Of Corinth Land Company Acquires 19000 SF Industrial Property In Euless TX
SOLDIndustrial

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

Paun Peters

Corinth Land Company

Buyer

3 deals

Buyer
CC
Corinth Land CompanyBuyer

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