Adam S. Robinson Of RAF Pacifica Group Acquires Industrial Warehouse In Dallas For 15,750 SF
2200 Evanston Avenue
Building Size
15,750 SF
Asset Type
Industrial
Closing
May 7, 2025
AI
A 15,750 square foot industrial asset located at 2200 Evanston Avenue in Dallas' Trinity Groves area has been sold. The property, built in 1961 and renovated in 2023, comprises 13,231 square feet of warehouse space and 2,241 square feet of office space.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 2200 Evanston Avenue
- Market: Dallas
- Square Footage: 15,750
- Buyer: Adam S. Robinson
- Buyer Company: RAF Pacifica Group
- Tenant: Gallery DeFi
- Lease Extension: 10-year
Adam S. Robinson represents RAF Pacifica Group in the acquisition of the property. The deal includes securing a long-term lease with the tenant Gallery DeFi, ensuring stability for the investment.
Players
Dallas 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