Updated Oct 19, 2026
SRS Real Estate Partners Sells Marquis Logistics Building 2 In Garland Industrial Market
3325 Marquis Drive
Building Size
74,758 SF
Asset Type
Industrial
Closing
Oct 18, 2023
About this deal
AI
The Marquis Logistics Building 2, a 74,758-square-foot industrial property, located at 3325 Marquis Drive in Garland's industrial market, has been sold. The property is part of a state-of-the-art tilt-wall development in Texas and offers the unique feature of accommodating various tenant sizes. The transaction took place on 10/18/2023.
Summary of transaction details
- Property Type: Industrial
- Square Footage: 74,758
- Address: 3325 Marquis Drive, Garland
- Market: Garland
The property was sold by Reserve Capital Partners and Trinity Investors. Serving as the seller's representatives were Joseph Cooper and Shannon Johnston from SRS Real Estate Partners. The buyer, who remains undisclosed, is an owner/user.
On the Map
Industrial
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Players
Garland 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