facebook

traded

+ Submit
Home

/

Deals

/

Texas

/

Industrial

/

Sale

/

3351 Balmorhea Dr Dallas, T...

Cohen Asset Management Acquires 920K SF Dallas Industrial Property With CBRE Brokers
SOLDIndustrial

Cohen Asset Management Acquires 920K SF Dallas Industrial Property With CBRE Brokers

3351 Balmorhea Dr Dallas, TX 75241, USA

Building Size

920,275 SF

Asset Type

Industrial

Closing

Jun 6, 2023

AI

Investment firm Cohen Asset Management has acquired a 920,275-square-foot industrial property in South Dallas that serves as an Amazon fulfillment center. The sales price and the identity of the seller were not disclosed.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: Not disclosed
  • Address: 3351 Balmorhea Drive
  • Market: Dallas
  • Square Footage: 920,275

The deal was facilitated by the CBRE team consisting of Randy Baird, Jonathan Bryan, Ryan Thornton, Nathan Wynne, and Eliza Bachhuber, who represented Cohen Asset Management in the transaction.

Players

Nathan Wynne

CBRE

Broker

$170.5K

vol

21 deals

Broker
Cohen Asset Management
Cohen Asset ManagementBuyer

Texas 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