Updated Dec 20, 2023
M2G Ventures Acquires Industrial Properties In Addison And Farmers Branch For $1.19M
14303 Inwood Road, Farmers Branch, TX, USA
Building Size
1,190,000 SF
Asset Type
Industrial
Closing
Jan 18, 2021
About this deal
AI
The industrial property located at 14303, 14621, 14601, 14639 Inwood Road, and 4404 S. Beltwood Pkwy in Addison and Farmers Branch has been sold in a closed transaction. The property spans a total of 1,190,000 square feet.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Not specified
The seller in this transaction was Chapter 11, while the buyer was M2G Ventures represented by Jessica Miller Essl and Pennybacker Capital LLC. The brokers involved in the deal were Stephen Williamson and Adam Graham from Lee & Associates.
Players
Dallas 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