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1420 Military Parkway

Bixby Capital Management Acquires Industrial Portfolio In Mesquite From Huntington Industrial Partners
SOLDIndustrial

Bixby Capital Management Acquires Industrial Portfolio In Mesquite From Huntington Industrial Partners

1420 Military Parkway, 1204 Military Parkway & 1110 Military Parkway

Building Size

1,600,896 SF

Asset Type

Industrial

Closing

Oct 4, 2024

AI

The transaction involved an industrial portfolio consisting of three buildings with a total square footage of 533,632, located at 1420, 1204 & 1110 Military Parkway in Mesquite, Texas. The portfolio spans an area of 42.4 acres and is part of the expanding industrial market in the Dallas-Fort Worth region.

Summary of transaction details:

Bixby Capital Management conducted the acquisition through its Industrial Fund I, contributing to the significant sales activity in the industrial sector, which has reached nearly $3 billion year-to-date in the market.

Players

Nathan Wynne

CBRE

Broker

$170.5K

vol

21 deals

Broker

Mesquite 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