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:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Buyer: Bixby Capital Management
- Seller: Huntington Industrial Partners
- Brokers: Jonathan Bryan, Matt Ballard, Nathan Wynne, Randy Baird, Ryan Thorton & Scott Lewis - CBRE
- Lender: PCCP LLC
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
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