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1375 Avenue S

Berkeley Partners Acquires Fully Leased 144.5K SF Industrial Portfolio In Grand Prairie
SOLDIndustrial

Berkeley Partners Acquires Fully Leased 144.5K SF Industrial Portfolio In Grand Prairie

1375 Avenue S & 1169-1171 113th Street

Building Size

289,000 SF

Asset Type

Industrial

Closing

Nov 14, 2023

AI

The fully leased DFW Infill Portfolio, consisting of two industrial buildings with a total area of 144,500 square feet, has been sold in the Grand Prairie market of Dallas' GSW submarket. The buildings feature clear heights ranging from 17 to 29 feet. The transaction took place at 1375 Avenue South and 1169-1171 113th Street.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not available
  • Address: 1375 Avenue South & 1169-1171 113th Street
  • Market: Grand Prairie
  • Size: 144,500 square feet

JLL Capital Markets facilitated the sale of the DFW Infill Portfolio from Oxford Properties to Berkeley Partners, representing a closed transaction in Dallas. Aaron Snegg, from Berkeley Partners, acted as the buyer, and Daniel Fournier, from Oxford Properties, represented the seller. The deal was negotiated by Brooke Petzold, Charlie Strauss, Lance Young, Pauli Kerr, and Trent Agnew from JLL.

NOTE: The sale involved a fully leased industrial portfolio in the GSW submarket of Dallas. The properties consisted of two buildings with clear heights varying between 17 and 29 feet. Oxford Properties sold the portfolio to Berkeley Partners.

Players

Charlie Strauss

JLL

Broker

30 deals

Broker
Oxford Properties Group
Oxford Properties GroupBrokerage

Aaron Snegg

Berkeley Partners

Buyer

$161M

vol

6 deals

Buyer

Alexander 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