Updated Nov 28, 2024
Westcore Acquires Rockwall Distribution Center From Stream Realty Partners In Texas
1351 Corporate Crossing Rockwall, TX 75032, USA
Building Size
301,120 SF
Asset Type
Industrial
Closing
Jul 11, 2023
About this deal
AI
Westcore has acquired the Rockwall Distribution Center, an industrial building located at 1351 Corporate Crossing in Rockwall, Texas. The property spans 301,120 square feet and was sold by Stream Realty Partners. The transaction took place on July 11, 2023.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 1351 Corporate Crossing, Rockwall, Texas
- Market: Rockwall
- Buyer: Westcore
- Seller: Stream Realty Partners
- Brokers: Dustin Volz, Stephen Bailey & Dom Espinosa - Newmark
The Rockwall Distribution Center has already secured a prelease for a significant portion of its space. Additionally, there are plans in place for further tenant occupancy and expansion. This acquisition positions Westcore to benefit from the property's future leasing potential and market demand.
On the Map
Industrial
View full map
Players
Texas Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Deal FAQ
Browse Texas industrial sales on Traded.
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