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155 Cole Street

P4 Holdings Acquires Industrial Building In Dallas Design District
SOLDIndustrial

P4 Holdings Acquires Industrial Building In Dallas Design District

155 Cole Street

Building Size

Asset Type

Industrial

Closing

May 17, 2024

AI

An industrial building spanning 13,500 square feet, situated at 155-165 Cole Street in Dallas, was recently sold in the Dallas Design District. The specific sales price and seller information for this transaction have not been disclosed.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not disclosed
  • Address: 155-165 Cole Street
  • Market: Dallas

The sale of the industrial building was facilitated by Partners Real Estate. P4 Holdings acted as the buyer in this transaction and was represented by Hanes Chatham Jr. and Graham Dressel of Partners Real Estate. Graham Dressel and Hanes Chatham served as Partners Real Estate's brokers in the deal.

Players

Hanes Chatham

Partners Real Estate

Broker

5 deals

Broker

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