Updated Oct 29, 2024
Birtcher Anderson & Belay Investment Group Acquires 606,889 SF Industrial Portfolio In Dallas Area
2526 Manana Drive, Dallas, TX, USA
Building Size
606,889 SF
Asset Type
Industrial
Closing
Nov 30, 2020
About this deal
AI
An industrial property located at 2526 Manana Drive, 3109, 3113 & 3300 Garden Brook, 4101 Lindberg Drive, 1100-1220 Luke Street, 1655 Hickory Drive, 1115 & 1101 Northeast 23rd Street, 2901, 2905, 2921 & 2951 Suffolk Drive in Dallas, Farmers Branch, Addison, Irving, Haltom City, and Fort Worth has been sold. The property spans a total square footage of 606,889.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
The seller of the property is Fort Capital, while the buyers are Birtcher Anderson & Belay Investment Group. The deal was facilitated by Stephen Bailey, Dustin Volz, Zane Marcell, Wesley Gilmer, Erin Lazarus, and Cullen Aderhold of JLL Capital Markets.
On the Map
Industrial
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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