Casey Griffis And Logan Lubke Of Victory Ventures Buy Industrial Property In Carrollton With Scott McKibben
1208 Tappan Circle & 1216 Tappan Circle
Building Size
45,000 SF
Asset Type
Industrial
Closing
Mar 4, 2025
AI
The property asset involved in the transaction is a fully leased industrial building located at 1208-1216 Tappan Circle in Carrollton, Texas. This industrial asset encompasses a total square footage of 22,500. The acquisition is situated in the high-demand Valwood submarket, providing significant rent growth potential.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Square Footage: 22,500
- Address: 1208-1216 Tappan Circle
- Market: Carrollton
- Buyer: Casey Griffis & Logan Lubke - Victory Ventures & Scott McKibben - Matterhorn Venture Partners
The deal features a joint venture between Victory Ventures and Matterhorn Venture Partners, which aims to enhance property value through strategic leasing and further acquisitions in the Dallas-Fort Worth area. The partnership leverages the strong demand for small-bay assets in the market.
Carrollton 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