facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Texas

/

Industrial

/

Sale

/

2860 East Scyene Road

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

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.

Players

Stephen Bailey

Newmark

Broker

$323.3M

vol

48 deals

Broker

Mesquite Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

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