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2200 South Business 45

David M. Marks Of Phoenix Investors Acquires Industrial Complex In Corsicana For 1.5M SF
SOLDIndustrial

David M. Marks Of Phoenix Investors Acquires Industrial Complex In Corsicana For 1.5M SF

2200 South Business 45

Building Size

1,500,000 SF

Asset Type

Industrial

Closing

Jun 25, 2025

AI

The property asset involved in this transaction is an industrial complex located at 2200 South Business 45 in Corsicana, TX, encompassing a total square footage of 1,500,000 SF and spanning 172 acres. The property was formerly utilized by K-Mart and Home Depot and is fully leased. It represents a significant addition to the acquiring party's portfolio, which now totals 82 million square feet nationally.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Square Footage: 1,500,000 SF
  • Acres: 172
  • Buyer: David M. Marks
  • Buyer’s Company: Phoenix Investors
  • Market: Corsicana

This transaction was facilitated by David M. Marks, representing Phoenix Investors, who noted the future expansion potential of the property with 625,000 SF set to become available between late 2025 and early 2027.

Players

Phoenix Investors
Phoenix InvestorsBuyer

Corsicana 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