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
Frisco Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
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