Jeff Jenkins Of WareSpace Acquires Industrial Properties In Addison From M2G Ventures
14621 Inwood Road, 14601 Inwood Road & 14639 Inwood Road
Building Size
810,000 SF
Asset Type
Industrial
Closing
Sep 19, 2024
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.
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