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11557 State Highway 359

Dax T.S. Mitchell And Andrew Gi Of MAG Capital Partners Acquire Industrial Facility In Mathis Texas
SOLDIndustrial

Dax T.S. Mitchell And Andrew Gi Of MAG Capital Partners Acquire Industrial Facility In Mathis Texas

11557 State Highway 359

Building Size

34,150 SF

Asset Type

Industrial

Closing

Dec 17, 2025

AI

The transaction involved an industrial asset located at 11557 State Highway 359 in Mathis, TX. This facility spans 34,150 square feet and encompasses 37.7 acres. The property features a private runway and an FAA/EASA-certified maintenance, repair, and overhaul shop, along with international certifications.

Summary of transaction details:

MAG Capital Partners acquired the headquarters of Airforce Turbine Service, which has been operating since 1989 and provides PT6A engine MRO services on a global scale. The company was acknowledged as a Veteran-Friendly Employer in 2024.

Players

Steve Okon

JLL

Broker

$55.3M

vol

2 deals

Broker
Andrew Gi⁠

Andrew Gi⁠

MAG Capital Partners

Buyer

3 deals

Buyer

Mathis 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