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
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