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:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 11557 State Highway 359
- Market: Mathis
- Square Footage: 34,150
- Acres: 37.7
- Buyer: Dax T.S. Mitchell & Andrew Gi - MAG Capital Partners
- Brokers: Steve Okon, Blake Shaffer & Anthony Walters - JLL
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
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