Updated Oct 29, 2024
BentallGreenOak Acquires 918k SF Industrial Buildings In Mesquite From Urban Logistics Realty
2830 East Scyene Road
Building Size
918,000 SF
Asset Type
Industrial
Closing
Apr 25, 2020
About this deal
AI
BentallGreenOak, an international investor, has acquired two industrial buildings totaling 918,000 square feet at Alcott Station business park in Mesquite.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Not provided
- Square footage: 918,000
- Address: 2830 East Scyene Road
- Market: Mesquite
- Acres: 160
The seller of the property is Urban Logistics Realty, represented by Adam Herrin. The deal was facilitated by CBRE Group, with brokers Randy Baird, Jonathan Bryan, Ryan Thornton, Nathan Wynne, and Eliza Bachhuber. Alcott Station business park, where the buildings are located, started development in 2020 and is expected to encompass over 1.6 million square feet when fully completed. The area is experiencing rapid growth, making it one of the fastest-growing industrial markets in North Texas.
On the Map
Industrial
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Players
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