facebook

traded

+ Submit
Home

/

Deals

/

Texas

/

Industrial

/

Sale

/

4301 Lindbergh Drive, Addis...

Birtcher Anderson And Davis And Belay Investment Group Acquire Industrial Property In Addison & Carrollton, Texas
SOLDIndustrial

Birtcher Anderson And Davis And Belay Investment Group Acquire Industrial Property In Addison & Carrollton, Texas

4301 Lindbergh Drive, Addison, TX, USA

Building Size

300,437 SF

Asset Type

Industrial

Closing

Dec 6, 2021

AI

A 300,437-square-foot industrial property located at 4301-4321 Lindbergh Drive, 2425 McKiver Lane, 4302-4324 Sunbelt Drive, 1415-1425 Whitlock Lane & 1325 Whitlock Lane in Addison & Carrollton, Texas has recently been sold. The transaction took place on 12/06/2021.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Address: 4301-4321 Lindbergh Drive, 2425 McKiver Lane, 4302-4324 Sunbelt Drive, 1415-1425 Whitlock Lane & 1325 Whitlock Lane, Addison & Carrollton, Texas
  • Market: Addison & Carrollton, Texas
  • Square Footage: 300,437

The property was acquired by Birtcher Anderson and Davis and Belay Investment Group. The seller of the property was Kennington Commercial, represented by Clayton Kennington's brokerage team, consisting of Randy Baird, Jonathan Bryan, Ryan Thornton, and Eliza Bachhuber from CBRE National Partners.

Players

Randy Baird

CBRE

Broker

23 deals

Broker

Birtcher Anderson

Belay Investment Group

Buyer

$62.3M

vol

7 deals

Buyer

Clayton Kennington

Kennington Commercial

Seller

3 deals

Seller

Addison Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

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