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
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