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
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