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2400 Esters Boulevard, Grap...

STAG Industrial Acquires Industrial Property On Esters Blvd. In Grapevine
SOLDIndustrial

STAG Industrial Acquires Industrial Property On Esters Blvd. In Grapevine

2400 Esters Boulevard, Grapevine, TX, USA

Building Size

202,140 SF

Asset Type

Industrial

Closing

Oct 19, 2021

AI

The industrial property located at 2400 & 2402 Esters Blvd. in Grapevine has been sold. The transaction took place on October 19, 2021. The property has a total square footage of 202,140 and is categorized under the industrial asset type.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Date: 10/19/2021
  • Address: 2400 & 2402 Esters Blvd., Grapevine
  • Square Footage: 202,140

The buyer of the property is STAG Industrial, while the seller is Olympus Ventures. The transaction was facilitated by Randy Baird, Jonathan Bryan, Ryan Thornton, and Eliza Bachhuber from CBRE National Partners.

Players

Randy Baird

CBRE

Broker

23 deals

Broker
Stag Industrial
Stag IndustrialBuyer
Olympus Ventures
Olympus VenturesSeller

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