Updated Dec 4, 2024
CanTex Capital Acquires 219,049 SF Industrial Portfolio In Dallas & McKinney
13435 South Jupiter Road & 415 Interchange Street
Building Size
219,049 SF
Asset Type
Industrial
Closing
Oct 6, 2023
About this deal
AI
Dallas-based CanTex Capital, represented by Romit Cheema & Gillian Cho, has acquired a portfolio of four industrial buildings in Northeast Dallas and McKinney. The property spans a total of 219,049 square feet and is located at 13435-13465 Jupiter Road & 415 Interchange Street. The purchase was made from an institutional investor.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Not available
- Market: Dallas & McKinney
- Buyer: CanTex Capital - Romit Cheema & Gillian Cho
CanTex Capital plans to adjust rents to market rates, taking advantage of the region's population and job growth. Their long-term success in the Dallas-Fort Worth market will be supported by these strategic measures.
On the Map
Industrial
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Players
Dallas Industrial Market Snapshot
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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