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1208 Tappan Circle

Casey Griffis And Logan Lubke Of Victory Ventures Buy Industrial Property In Carrollton With Scott McKibben
SOLDIndustrial

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.

Players

Scott McKibben

Matterhorn Venture Partners

Buyer

$65.6M

vol

6 deals

Buyer

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