Stonelake Capital Partners Acquires 50,566 SF Industrial Building In Grand Prairie
1922 N Great Southwest Pkwy
Building Size
50,566 SF
Asset Type
Industrial
Closing
Dec 1, 2023
AI
A 50,566-square-foot industrial building in Grand Prairie has been sold to Texas-based investment firm Stonelake Capital Partners. The single-tenant property features 18-foot clear heights and 16 exterior dock doors.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Not mentioned
- Square Footage: 50,566
- Address: 1922 North Great Southwest Parkway
- Market: Grand Prairie
Colton Rhodes of Lee & Associates represented Stonelake Capital Partners as the buyer in this transaction.
Note: Lee & Associates brokered the sale of this property.
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