Faropoint Acquires Industrial Properties In Richardson, Lewisville, Irving, Farmers Branch, Coppell & Arlington
SOLD
Texas
See Similar DealsIndustrial760 SF
Sold 12/19/2022
SOLD
Faropoint Acquires Industrial Properties In Richardson, Lewisville, Irving, Farmers Branch, Coppell & Arlington
1460 North Glenville Drive, Richardson, Texas 75081, United States
See Similar DealsIndustrial760 SF
Sold 12/19/2022
Summary
TEXAS
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:760 SF
Transaction Type:Sale
An industrial property spanning 760,000 square feet has been sold in a recent transaction. The property is located at 1460 North Glenville Drive, 1301 Ridgeview Drive, 2220 Chemsearch Boulevard, 1601 Valley View Lane, 631 South Royal Lane, 1111 Northpoint Drive, and 2300 East Randol Mill Road, covering multiple markets including Richardson, Lewisville, Irving, Farmers Branch, Coppell, and Arlington.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Not available
- Buyer: Faropoint - Jacob Rich & Vadim Greenberg
- Seller: Blackstone Real Estate Income Trust
- Brokers: Jim Carpenter, Jud Clements, Robby Rieke, Taylor Starnes, Madeleine Supplee & Trevor Berry - Cushman & Wakefield
The buyer in this transaction is Faropoint, represented by Jacob Rich and Vadim Greenberg. The seller is Blackstone Real Estate Income Trust. The deal was facilitated by brokers Jim Carpenter, Jud Clements, Robby Rieke, Taylor Starnes, Madeleine Supplee, and Trevor Berry of Cushman & Wakefield.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$0.00
Debt Service Coverage Ratio (DSCR)
0.00x
Cap Rate
0.00%
Cash Flow (Annual)$0.00
Cash-on-Cash Return0.00%
Monthly Debt Service$0.00
Annual Debt Service$0.00
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