Updated Oct 29, 2024
121 La Paz Dr
121 La Paz Dr, Dallas, TX, 75217
Building Size
36,227 SF
Asset Type
Industrial
Closing
Nov 19, 2023
About this deal
AI
The property involved in this transaction is a 36,227-square-foot industrial asset located at 121 La Paz Dr, Dallas, TX, 75217. The market for this transaction is Dallas. The asset was sold by La Paz Partners Ltd.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Buyer: Jessup Charitable Remainder Trust
- Seller: La Paz Partners Ltd
- Buyer's Representative: Caleb Bates - Bates & Myers Co
- Seller's Representatives: Corbin Blount and Nathan Denton - Lee & Associates
This transaction highlights the roles of key individuals and companies involved in the deal. Caleb Bates represented the buyer, Jessup Charitable Remainder Trust, while the seller, La Paz Partners Ltd., was represented by Corbin Blount and Nathan Denton from Lee & Associates.
On the Map
Industrial
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Players
Dallas 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