TPG Capital Acquires Industrial Property In Dallas From Billingsley Co. With Holt Lunsford Commercial As The Broker
3700 Pipestone Road, Dallas, TX, USA
Building Size
600,000 SF
Asset Type
Industrial
Closing
Apr 29, 2021
AI
The industrial property located at 3700 Pipestone Road in Dallas has been sold in a recent transaction. The property spans approximately 600,000 square feet.
Summary of transaction details
- Property Type: Industrial
- Sale Price: Not mentioned
- Transaction Date: April 30, 2021
- Market: Dallas
The seller of the property is Billingsley Co., represented by Lucy Billingsley and Henry Billingsley. The buyer is TPG Capital, represented by Jon Winkelried and James Coulter. The transaction was facilitated by Holt Lunsford Commercial.
Players
Dallas 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