Cole Horowitz And Jonathan Birnbrey Of Rockbrook Equity Acquire Industrial Property In Grand Prairie
2605 Forum Drive
Building Size
6,600 SF
Asset Type
Industrial
Closing
Aug 17, 2025
AI
The property asset involved in this transaction is located at 2605 Forum Drive in Grand Prairie, TX. This industrial building encompasses 6,600 square feet and is situated on a 1.16-acre lot at the intersection of Arkansas Lane and Forum Drive.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 2605 Forum Drive
- Market: Grand Prairie
- Size: 6,600 SF
- Buyer: Cole Horowitz & Jonathan Birnbrey - Rockbrook Equity
- Buyer’s Representative: Chris Wong - Bradford Commercial Real Estate Services
- Seller’s Representative: Johnny Begzos - Mason Commercial Real Estate
Rockbrook Equity is aiming to enhance the site by paving and securing the additional land to create a fenced yard, which will improve the functionality and long-term value of the property. This acquisition supports Rockbrook’s strategy of acquiring and repositioning industrial and retail assets in key growth markets nationwide.
Players
Grand Prairie 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