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16005 Gateway Drive, Frisco...

Lincoln Property Company Acquires Industrial Property In Frisco For 244,364 SF
SOLDIndustrial

Lincoln Property Company Acquires Industrial Property In Frisco For 244,364 SF

16005 Gateway Drive, Frisco, Texas 75033, United States

Building Size

244,364 SF

Asset Type

Industrial

Closing

Sep 29, 2022

AI

The industrial property located at 16005 Gateway Dr. and 16440 Gateway Path in Frisco has been sold. The property spans a total of 244,364 square feet and is part of the industrial asset type.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Address: 16005 Gateway Dr. & 16440 Gateway Path
  • Market: Frisco
  • Size: 244,364 square feet

The buyer of this property is the Lincoln Property Company, while the seller is Blue Star Land. The deal was facilitated by brokers Dustin Volz, Stephen Bailey, Dom Espinosa, Zach Riebe, and Matthew Barge from JLL Capital Markets.

Players

Stephen Bailey

Newmark

Broker

$323.3M

vol

48 deals

Broker
Lincoln Property Company
Lincoln Property CompanyBrokerage
Lincoln Property Company
Lincoln Property CompanyBuyer

Frisco 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