Updated Oct 29, 2024
Biynah Industrial Partners Acquires 47,117 SF Industrial Property In Dallas, Texas
3817 Irving Blvd Dallas, TX 75247, USA
Building Size
47,117 SF
Asset Type
Industrial
Closing
Jul 21, 2023
About this deal
AI
Biynah Industrial Partners has acquired a 47,117 square feet cross-dock terminal building on approximately 5.9 acres located at 3817 Irving Boulevard in Dallas, Texas. The property is an industrial asset in the Dallas market.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: Not Provided
- Address: 3817 Irving Boulevard
- Market: Dallas
- Square Footage: 47,117
- Buyer: Biynah Industrial Partners
- Seller: Kal Freight
- Broker: Chris Wong - Bradford Commercial Real Estate Services
The deal was facilitated by Chris Wong of Bradford Commercial Real Estate Services, who represented Biynah Industrial Partners in the transaction. The seller, Kal Freight, successfully negotiated the sale of the property. Biynah Industrial Partners has plans for significant capital improvements to enhance the property.
On the Map
Industrial
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Players
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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