Jeff Small Of MDH Partners Acquires Industrial Park From Ross Perot Jr. Of Hillwood For $258M
4951 Langdon Road
Building Size
1,000,000 SF
Asset Type
Industrial
Closing
Jan 29, 2025
AI
The property involved in this transaction is an industrial asset located at 4601 and 4951 Langdon Road in Dallas. This two-building facility encompasses 1,000,000 square feet and spans across 100 acres, featuring tenants such as Olam Cotton, Fischer Scientific, and Genco. It was acquired by MDH Partners from Hillwood.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $258 million
- Buyer: Jeff Small - MDH Partners
- Seller: Ross Perot Jr. - Hillwood
- Address: 4601 & 4951 Langdon Road
- Market: Dallas
The transaction was notable for the involvement of MDH Partners, led by Jeff Small, who executed the acquisition with the assistance of a substantial loan. Hillwood, represented by Ross Perot Jr., was the seller in this significant property deal.
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