Updated Oct 29, 2024
CIP Real Estate Acquires Industrial Properties In Grand Prairie, Dallas, And Fort Worth
1840 High Prairie Road
Building Size
168,600 SF
Asset Type
Industrial
Closing
Apr 17, 2023
About this deal
AI
The industrial property located at 1830 & 1840 High Prairie Road, 2202 Manana Drive, and 5309 Superior Parkway in Grand Prairie, Dallas, and Fort Worth has been sold. The property spans a total of 168,600 square feet and sits on 35.3 acres of land. The sale was completed on January 27, 2021.
Summary of transaction details
- Property Type: Industrial
- Square Footage: 168,600
- Acres: 35.3
- Market: Grand Prairie, Dallas, and Fort Worth
The seller of the property was MoxieBridge, while the buyer was CIP Real Estate. The deal was facilitated by Stephen Bailey, Dustin Volz, and Adam Roossien from JLL, who represented both the seller and the buyer.
On the Map
Industrial
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Players
Grand Prairie 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