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3501 Midpoint Drive

Updated Feb 19, 2025

Panattoni Development Company Sells Midpoint Logistics Center In Lancaster To JLL Capital Markets
SOLDIndustrial

Panattoni Development Company Sells Midpoint Logistics Center In Lancaster To JLL Capital Markets

3501 Midpoint Drive & 3803 North Dallas Avenue

Building Size

1,600,445 SF

Asset Type

Industrial

Closing

Feb 11, 2025

About this deal

AI

The property involved in the transaction is the Midpoint Logistics Center, a Class A industrial complex located at 3501 Midpoint Drive and 3803 North Dallas Avenue in Lancaster, Texas. This asset spans 1,600,445 square feet and is comprised of two fully leased buildings. The complex features cross-dock facilities, clear heights of 38-40 feet, and provides prime access to major highways I-35 and I-45 within the growing South Dallas submarket.

Summary of transaction details:

JLL Capital Markets facilitated the sale of the Midpoint Logistics Center, representing Panattoni Development Company in the transaction. The buildings are occupied by tenants DSV Solutions and Electrolux, enhancing the asset's value in the industrial market.

On the Map

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Industrial

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Players

Trent Agnew

JLL

Broker

$547.5M

vol

67 deals

Broker
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Lancaster 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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