Jeff Small, Jr. Of MDH Partners Acquires Kyle 35 Logistics Park From Cyrus Bahrami Of Alliance Industrial Co
Building Size
1,400,000 SF
Asset Type
Industrial
Closing
Oct 30, 2024
AI
The property asset involved in this transaction is Kyle 35 Logistics Park, an industrial park located at 201 Logistics Drive in Kyle, Texas, encompassing a total square footage of 1,400,000. The park consists of five Class A buildings with clear heights ranging from 35 to 40 feet and offers ample parking. It is fully leased to Tesla for storage and light assembly purposes, supporting the Austin gigafactory.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Address: 201 Logistics Drive
- Market: Kyle
- Buyer: Jeff Small, Jr. - MDH Partners
- Seller: Cyrus Bahrami - Alliance Industrial Co.
- Brokers: Charlie Strauss, Trent Agnew, Witt Westbrook, Kyle Mueller & Tom Weber - JLL
MDH Partners acquired the park from Alliance Industrial Co., a Houston-based company. The transaction involved key brokers from JLL, highlighting the collaboration among various industry professionals to facilitate the acquisition of this newly built industrial property.
Players
Market 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