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2520 Marsh Ln, Carrollton, ...

ML Realty Partners Acquires Property At 2520 Marsh Ln Carrollton With Buyer’s Rep Dan Spika
SOLDIndustrial

ML Realty Partners Acquires Property At 2520 Marsh Ln Carrollton With Buyer’s Rep Dan Spika

2520 Marsh Ln, Carrollton, TX, 75006

Building Size

72,000 SF

Asset Type

Industrial

Closing

Nov 19, 2023

AI

The property asset involved in the transaction is a 72,000-square-foot industrial building located at 2520 Marsh Lane in Carrollton, Texas. The property features 24-foot clear heights and includes 7,325 square feet of office space. It was built in 1997 and is situated in the market of Carrollton.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not disclosed
  • Address: 2520 Marsh Ln, Carrollton, TX, 75006
  • Market: Carrollton
  • Buyer: ML Realty Partners
  • Seller: Unknown
  • Buyer’s Representative: Dan Spika
  • Seller’s Representative: Jim Turano

This deal involved key individuals from Henry S. Miller (HSM) Brokerage, with Dan Spika representing the buyer, ML Realty Partners, and Jim Turano representing the undisclosed seller. The parties engaged in this transaction are notable within the commercial real estate sector, particularly in the Dallas area.

Players

Dan Spika

Broker

7 deals

Broker
ML Realty Partners
ML Realty PartnersBuyer

Carrollton 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