Updated Dec 4, 2024
Jeff Jenkins Of WareSpace Acquires Industrial Properties In Addison From M2G Ventures
14621 Inwood Road, 14601 Inwood Road & 14639 Inwood Road
Building Size
270,000 SF
Asset Type
Industrial
Closing
Sep 19, 2024
About this deal
AI
The asset involved in this transaction is an industrial property located at 14621, 14601 & 14639 Inwood Road in the Addison market. The property comprises 270,000 square feet of space.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Buyer: Jeff Jenkins - WareSpace
- Seller: M2G Ventures
- Broker Representatives: Rich Young Jr, Stephen Williamson & Adam Graham - Lee & Associates
Jeff Jenkins, representing WareSpace, noted that the company offers an effective micro-warehouse solution designed to support the growth of small businesses in the greater DFW area.
On the Map
Industrial
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Players
Addison 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