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4100 Midway Road

Billingsley Co Sells 304099 Square Foot Industrial Property In Carrollton Represented By Newmark
SOLDIndustrial

Billingsley Co Sells 304099 Square Foot Industrial Property In Carrollton Represented By Newmark

4100 Midway Road, 4100 International Parkway & 4120 International Parkway

Building Size

912,297 SF

Asset Type

Industrial

Closing

Nov 26, 2024

AI

The property asset involved in this transaction is the International Business Park 8, 9, and 10, located at 4100 Midway Road and 4100 & 4120 International Parkway in Carrollton, Texas. The industrial asset encompasses 304,099 square feet and was 79% leased at the time of sale. It is part of a larger 300-acre mixed-use campus situated near the Dallas North Tollway.

Summary of transaction details:

The transaction was represented by Newmark, with Chris Murphy, Gary Carr, and Robert Hill serving as the brokers for the seller, Billingsley Co. This sale highlights the ongoing developments within the Carrollton market and the interest in industrial properties within mixed-use environments.

Players

Gary Carr

Newmark

Broker

$352.5M

vol

33 deals

Broker

Carrollton 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