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415 Bank Street, Southlake,...

CBRE Global Investors Acquires Industrial Property In Southlake From Holt Lunsford Commercial Investments
SOLDIndustrial

CBRE Global Investors Acquires Industrial Property In Southlake From Holt Lunsford Commercial Investments

415 Bank Street, Southlake, TX, USA

Building Size

182,129 SF

Asset Type

Industrial

Closing

Aug 17, 2021

AI

Holt Lunsford Commercial Investments has sold an industrial property in Southlake located at 415, 419, and 423 Bank St. The property spans a total of 182,129 square feet.

Summary of transation details

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Address: 415, 419, & 423 Bank St
  • Market: Southlake
  • Square Footage: 182,129

CBRE Global Investors has acquired the property from Holt Lunsford Commercial Investments. The deal was facilitated by the brokers Dustin Volz, Stephen Bailey, Dom Espinosa, Matthew Barge, and Wesley Gilmer from JLL.

Players

Stephen Bailey

Newmark

Broker

$323.3M

vol

48 deals

Broker
CBRE
CBREBuyer

Holt Lunsford

Seller

2 deals

Seller

Southlake 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