Dogwood Industrial Partners Acquires Dallas Industrial Property On French Settlement Road
2170 French Settlement Road, Dallas, TX, USA
Building Size
600,000 SF
Asset Type
Industrial
Closing
May 5, 2021
AI
Two industrial properties located at 2170 & 2130 French Settlement Road in Dallas have been sold in a recent transaction. The properties, spanning a total of 600,000 square feet, were acquired by Dogwood Industrial Partners from the seller, Billingsley Co. The transaction was facilitated by the broker, Holt Lunsford Commercial.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Address: 2170 & 2130 French Settlement Road, Dallas
- Market: Dallas
Billingsley Co., represented by Lucy Billingsley and Henry Billingsley, sold the industrial properties to Dogwood Industrial Partners. The sale, managed by Holt Lunsford Commercial, marks an important transaction in the Dallas industrial market.
Players
Dallas Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
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