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201 Logistics Dr, Kyle, TX ...

Jeff Small, Jr. Of MDH Partners Acquires Kyle 35 Logistics Park From Cyrus Bahrami Of Alliance Industrial Co
SOLDIndustrial

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:

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

Charlie Strauss

JLL

Broker

30 deals

Broker

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