Updated Aug 4, 2026
Luke J. Petherbridge Of Link Logistics Acquires Industrial Portfolio In Coppell And Round Rock
450 Airline Drive & 2401 Double Creek Drive
Building Size
352,111 SF
Asset Type
Industrial
Closing
Jul 31, 2026
About this deal
AI
The asset involved in this transaction includes a two-building industrial portfolio located at 450 Airline Drive in Coppell, TX, and 2401 Double Creek Drive in Round Rock, TX, totaling 352,111 square feet. At the time of sale, both properties were fully leased.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Address: 450 Airline Drive & 2401 Double Creek Drive
- Market: Coppell & Round Rock, TX
- Square Footage: 352,111
- Buyer: Luke J. Petherbridge
- Buyer's Company: Link Logistics
Link Logistics acquired the properties to enhance its presence in the Dallas-Fort Worth and Austin markets. This acquisition aligns with the company's strategy of investing in logistics assets that are in high demand across Texas.
On the Map
Industrial
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Coppell 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