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1700 Dowdy Ferry Road

All State Truck & Trailer Repair Acquires 52-Acre Industrial Site In Hutchins From Tribeca Truck Repair & Parking LLC
SOLDIndustrial

All State Truck & Trailer Repair Acquires 52-Acre Industrial Site In Hutchins From Tribeca Truck Repair & Parking LLC

1700 Dowdy Ferry Road

Building Size

Asset Type

Industrial

Closing

Aug 16, 2024

AI

The property involved in the transaction is an industrial outdoor storage facility located at 1700 Dowdy Ferry Road in Hutchins, Dallas. The asset spans 52 acres and includes a 12,000-square-foot building equipped with five drive-in bays and 175 truck parking stalls.

Summary of transaction details:

This transaction was facilitated by Lee & Associates, highlighting the role of the brokerage in managing the sale process. The buyer, All State Truck & Trailer Repair, will utilize the site for its operations, further establishing its presence in the industrial sector within the Hutchins market.

Players

Mark Becker

Cushman & Wakefield

Broker

$10.5M

vol

4 deals

Broker

Hutchins 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