Longpoint Realty Partners Acquires 148,538 SF Industrial Building In Dallas
5050 Investment Drive
Building Size
—
Asset Type
Industrial
Closing
Jan 15, 2024
AI
A 148,538-square-foot industrial building located at 5050 Investment Drive in southwest Dallas has been sold. The buyer of the property is Longpoint Realty Partners, a Boston-based real estate company. The seller of the property is IMCD US. The sales price for the transaction has not been disclosed.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Address: 5050 Investment Drive
- Market: Dallas
- Buyer: Dwight Angelini - Longpoint Realty Partners
- Seller: IMCD US
Colton Rhodes and Stephen Williamson from Lee & Associates represented the buyer, Dwight Angelini, in the sale of the industrial building. Lee & Associates brokered the transaction. Additional details regarding the deal have not been provided.
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