ML Realty Partners Acquires Property At 3942 Irving Blvd Dallas With Seller's Brokers Jeff Turner Jeremy Mercer
3942 Irving BLVD, Dallas, TX, 75247
Building Size
56,520 SF
Asset Type
Industrial
Closing
Nov 20, 2023
AI
ML Realty Partners has acquired an industrial building located at 3942 Irving Blvd, Dallas, TX 75247. The property encompasses 56,520 square feet and is situated in the Dallas market. Built in 1968 and renovated in 2000, it features clear heights ranging from 20 to 24 feet.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Address: 3942 Irving Blvd, Dallas, TX 75247
- Market: Dallas
- Seller's Representative: Jeff Turner & Jeremy Mercer - Mercer Company
- Buyer: ML Realty Partners
Jeremy Mercer and Jeff Turner of Mercer Company represented the seller in this transaction and will also handle the leasing of the building on behalf of ML Realty Partners.
Players
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