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510 North Peachtree Road

CapRock Partners Acquires Industrial Property In Mesquite From Dalfen Industrial
SOLDIndustrial

CapRock Partners Acquires Industrial Property In Mesquite From Dalfen Industrial

510 North Peachtree Road

Building Size

396,750 SF

Asset Type

Industrial

Closing

Apr 10, 2024

AI

The Peachtree Distribution Center in Mesquite, a Dallas-Fort Worth submarket, spanning 396,750 square feet over 24 acres, was acquired by CapRock Partners from Dalfen Industrial. The property, located at 510 North Peachtree Road, is set to undergo capital improvements to enhance its functionality and aesthetics.

Summary of transaction details:

CapRock Partners made its entry into the Texas industrial market through the acquisition of the Peachtree Distribution Center in Mesquite. This transaction was facilitated by CBRE National Partners, with Eliza Bachhuber, Elliott Dow, Jonathan Bryan, Nathan Wynne, Randy Baird, and Ryan Thornton of CBRE representing the deal. The purchase marks a strategic move for CapRock Partners to strengthen its presence in the industrial sector.

Players

Nathan Wynne

CBRE

Broker

$170.5K

vol

21 deals

Broker

Mesquite 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