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3551 Dan Morton Drive, Dall...

Updated Sep 9, 2024

Stream Capital Partners Acquires Industrial Property In Dallas & San Antonio With Chelsea Mandel
SOLDIndustrial

Stream Capital Partners Acquires Industrial Property In Dallas & San Antonio With Chelsea Mandel

3551 Dan Morton Drive, Dallas, TX, USA

Building Size

505,719 SF

Asset Type

Industrial

Closing

Jan 10, 2021

About this deal

AI

3551 Dan Morton Drive and 2001 S. Laredo Street, two industrial properties totaling 187,000 square feet, have been sold in a transaction handled by Chelsea Mandel of Stream Capital Partners. The properties are located in Dallas and San Antonio.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Date: January 11, 2021
  • Address: 3551 Dan Morton Drive & 2001 S. Laredo Street
  • Market: Dallas & San Antonio
  • Broker: Chelsea Mandel - Stream Capital Partners

The sale of these industrial properties was finalized on January 11, 2021. Chelsea Mandel from Stream Capital Partners represented the parties involved in the transaction.

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Players

Christopher Drew

JLL

Broker

$4.9B

vol

52 deals

Broker
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Dallas 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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