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:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Buyer: All State Truck & Trailer Repair
- Seller: Tribeca Truck Repair & Parking LLC
- Buyer's Representative: Jake Griffin & Mark Becker - Cushman & Wakefield
- Seller's Representative: Alex Wilson & Jarrett Huge - Lee & Associates
- Date of Transaction: 08/16/2024
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
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