EastGroup Properties Inc Acquires Industrial Property In Grapevine For $89.7M
SOLD
$89,700,000
Texas
See Similar DealsIndustrial611,000 SF
Sold 08/30/2021
SOLD
EastGroup Properties Inc Acquires Industrial Property In Grapevine For $89.7M
DFW Airport, 1160 Mustang Drive, Grapevine, TX, USA
See Similar DealsIndustrial611,000 SF
Sold 08/30/2021
Summary
TEXAS
Asset Type:Industrial
Price Per Square Foot:$146
Total Square Footage:611,000 SF
Transaction Type:Sale
EastGroup Properties Inc, represented by Marshall Loeb, has acquired the industrial asset located at 1160, 1200, 1250 Mustang Drive, and 1275 W. 17th St. in Grapevine. The property spans 611,000 square feet and was sold for a total of $89,700,000, resulting in a price per square foot of $147.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $89,700,000
- Square Footage: 611,000
- Price per Square Foot: $147
- Market: Grapevine
EastGroup Properties Inc, a real estate investment trust, made the purchase with Marshall Loeb acting as their representative. With this acquisition, EastGroup Properties expands its portfolio in the industrial sector.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$4,783,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$318,685.16
Cash-on-Cash Return-1.27%
Monthly Debt Service$425,223.76
Annual Debt Service$5,102,685.15
Is there something missing? Send suggestions