Austin International Ventures, Inc Acquires Industrial Property On West Ledbetter Drive In Dallas
5130 West Ledbetter Drive
Building Size
—
Asset Type
Industrial
Closing
Feb 15, 2023
AI
An industrial property located at 5130 West Ledbetter Drive in Dallas has been sold in a recent transaction. The property spans 15,000 square feet and sits on 28.6 acres of land. The sale took place on February 15, 2023.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Address: 5130 West Ledbetter Drive, Dallas
- Market: Dallas
- Size: 15,000 square feet
- Land Area: 28.6 acres
The buyer, Austin International Ventures, Inc, represented by Chris Wong, acquired the property. The seller, Zenith Outdoor Storage Investments, was represented by Alex Olshansky. The deal was facilitated by brokers David Guinn and Grant Lake from Davidson Bogel Real Estate, as well as Simon Beakley from DB2RE.
Players
Market Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
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