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
Dallas Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
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