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:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Square Footage: 304,099
- Address: 4100 Midway Road, 4100 & 4120 International Parkway
- Market: Carrollton
- Seller: Billingsley Co
- Broker: Chris Murphy, Gary Carr & Robert Hill - Newmark
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
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