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
Addison 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