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1150 Empire Central Pl, Dal...

Unknown Buyer Acquires Property At 1150 Empire Central Pl Dallas With Adam Abushagur As Seller's Representative
SOLDIndustrial

Unknown Buyer Acquires Property At 1150 Empire Central Pl Dallas With Adam Abushagur As Seller's Representative

1150 Empire Central Pl, Dallas, TX, 75...

Building Size

44,537 SF

Asset Type

Industrial

Closing

Feb 9, 2020

AI

The sale involves an industrial facility known as Empire Commerce Center, located at 1150 Empire Central Place in Dallas, Texas. The property spans 44,537 square feet and was constructed in 1982, sitting on a 3.2-acre site approximately three miles south of Dallas Love Field Airport.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Unknown
  • Address: 1150 Empire Central Pl, Dallas, TX
  • Market: Dallas
  • Seller's Representative: Adam Abushagur-Marcus & Millichap
  • Buyer: Unknown
  • Seller: Private Investor
  • Square Footage: 44,537

Adam Abushagur and Ron Hebert of Marcus & Millichap represented the seller in the transaction. The buyer, whose identity remains undisclosed, is based in Mexico and is noted to be a repeat buyer in the market.

Players

Adam Abushagur

Marcus & Millichap

Broker

$97.3M

vol

44 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