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4550 Excel Parkway

Michael D. Cohen Of Behringer Acquires Industrial Property From Dillon Buhrkuhl Of Pillar Commercial
SOLDIndustrial

Michael D. Cohen Of Behringer Acquires Industrial Property From Dillon Buhrkuhl Of Pillar Commercial

4550 Excel Parkway

Building Size

182,154 SF

Asset Type

Industrial

Closing

Jan 14, 2026

AI

Behringer acquired a light industrial/flex property located at 4550 Excel Parkway in Addison, Texas. This asset, built in 1996, encompasses 182,154 square feet and is currently 89% leased to four tenants, enhancing Behringer’s portfolio in the light industrial market within the Dallas-Fort Worth infill area.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Address: 4550 Excel Parkway
  • Market: Addison
  • Asset Size: 182,154 SF
  • Buyer: Michael D. Cohen - Behringer
  • Seller: Dillon Buhrkuhl - Pillar Commercial

Michael D. Cohen represents Behringer in this transaction, while Dillon Buhrkuhl represents Pillar Commercial. This acquisition adds to Behringer's investments in the industrial sector, continuing their expansion in notable regional markets.

Players

Michael D. Cohen

Behringer

Buyer

2 deals

Buyer
Dillon Buhrkuhl

Dillon Buhrkuhl

Pillar Commercial

Seller

1 deal

Seller

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