Romit Cheema Of CanTex Capital And Jessie Mann Of DB9 Capital Acquire Dallas Industrial Facility
4715 Mountain Creek Parkway
Building Size
266,200 SF
Asset Type
Industrial
Closing
Jun 12, 2025
AI
The property asset involved in the transaction is a 266,200 square feet Class A industrial facility located at 4715 Mountain Creek Parkway in Dallas. The total land area is 20.77 acres, and the site includes 8,000 square feet of office space as well as outdoor storage potential. The acquisition is part of a broader strategy by CanTex Capital to enhance the property through upgrades in the Dallas-Fort Worth market.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 4715 Mountain Creek Parkway
- Market: Dallas
- Square Footage: 266,200
- Acres: 20.77
- Buyer: Romit Cheema - CanTex Capital
- Buyer: Jessie Mann - DB9 Capital
Romit Cheema represents CanTex Capital in this acquisition, while Jessie Mann represents DB9 Capital. The collaboration between the two companies aims to leverage the value-add opportunities present in the property and the surrounding market.
Players
Dallas 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