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2860 East Scyene Road

Updated Dec 4, 2024

Sterling Investors Purchases 310,900 Square Foot Industrial Property From Jackson-Shaw In Mesquite
SOLDIndustrial

Sterling Investors Purchases 310,900 Square Foot Industrial Property From Jackson-Shaw In Mesquite

2860 East Scyene Road

Building Size

310,900 SF

Asset Type

Industrial

Closing

Oct 15, 2024

About this deal

AI

The transaction involved the sale of Alcott Logistics Station, an industrial property located at 2860 East Scyene Road, mesquite, Texas. The asset has a total square footage of 310,900. The transaction falls within the industrial market sector.

Summary of transaction details:

Newmark facilitated the transaction with a team that included brokers Dustin Volz and Stephen Bailey, who represented the seller, Jackson-Shaw, during the sale process. The buyer, Sterling Investors, acquired the property developed for Vehicle Accessories Inc.

On the Map

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Industrial

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Players

Stephen Bailey

Newmark

Broker

$323.3M

vol

49 deals

Broker
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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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