Updated Dec 4, 2024
Rockbrook Equity Acquires Industrial Building In Dallas From Cole Horowitz & Jon Birnbrey
1533 Prudential Drive
Building Size
30,625 SF
Asset Type
Industrial
Closing
Jun 26, 2024
About this deal
AI
The industrial property located at 1533 Prudential Drive in Dallas, TX has been acquired by Rockbrook Equity. The 30,625 SF building, strategically situated in East Brookhollow, features 18' clear height, heavy power, and dock-high loading. It is just 2.7 miles from Dallas Love Field and 1.3 miles from UT Southwestern Medical Center.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not provided
- Buyer: Cole Horowitz & Jon Birnbrey - Rockbrook Equity
- Leasing Contact for Vacant Space: Chase Miller at NAI Robert Lynn
Rockbrook Equity, represented by Cole Horowitz & Jon Birnbrey, made an off-market acquisition of the multi-tenant industrial building. The buyers plan to commence exterior renovations in the coming weeks to enhance the property's appeal.
On the Map
Industrial
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Players
Dallas Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Deal FAQ
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