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:
- Property Type: Industrial
- Transaction Amount: Not specified
- Buyer: Patrick Daniels - CapRock Partners
- Seller: Sean Dalfen - Dalfen Industrial
- Brokers: Eliza Bachhuber, Elliott Dow, Jonathan Bryan, Nathan Wynne, Randy Baird & Ryan Thornton - CBRE
- Date: 04/10/2024
- Market: Mesquite
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
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