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2800 Skyline Drive

Updated Nov 17, 2025

W.P. Carey Acquires 2800 Skyline Drive Industrial Asset In Mesquite From CAPSTAR Real Estate Advisors
SOLDIndustrial

W.P. Carey Acquires 2800 Skyline Drive Industrial Asset In Mesquite From CAPSTAR Real Estate Advisors

2800 Skyline Drive

Building Size

756,668 SF

Asset Type

Industrial

Closing

Nov 3, 2025

About this deal

AI

The property located at 2800 Skyline Drive is a newly built industrial asset consisting of a Class A distribution center with a total square footage of 756,668 and situated on 40.4 acres. The facility is located in the Mesquite market and is fully leased to a major solar technology company. It anchors a two-building manufacturing complex with direct access to I-635 and the Union Pacific Intermodal Terminal.

Summary of transaction details:

The buyer, Jason Fox, represents W.P. Carey, while the seller, CAPSTAR Real Estate Advisors, underwent this transaction with the assistance of JLL Capital Markets. This deal emphasizes significant collaboration among distinguished professionals in the real estate sector, showcasing the effective representation of the involved parties.

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Industrial

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Players

Trent Agnew

JLL

Broker

$547.5M

vol

67 deals

Broker
JLL
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Mesquite 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

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