Exeter Property Group Acquires Industrial Assets In Dallas, TX & Charlotte, NC For $14.6M
SOLD
$14,600,000
Texas
See Similar DealsIndustrial158,250 SF
Sold 01/21/2021
SOLD
Exeter Property Group Acquires Industrial Assets In Dallas, TX & Charlotte, NC For $14.6M
5201 Catron Drive, Dallas, TX, USA
See Similar DealsIndustrial158,250 SF
Sold 01/21/2021
Summary
TEXAS
Asset Type:Industrial
Price Per Square Foot:$92
Total Square Footage:158,250 SF
Transaction Type:Sale
The industrial property located at 5201 Catron Drive in Dallas, TX and 4205 Shopton Road in Charlotte, NC has been sold. The transaction took place on January 21, 2021, and the property was acquired by Exeter Property Group. The seller of the property was Mahesh Wadher. The property spans a total area of 158,250 square feet and was sold for a price of $14,600,000, resulting in a price per square foot of $92.
Summary of transaction details
- Property Type: Industrial
- Sale Price: $14,600,000
- Square Footage: 158,250
- Price per Square Foot: $92
- Market: Dallas, TX & Charlotte, NC
Chase MacLeod from Stream Realty Partners, Stream Carloinas, and Stream DFW represented the buyer in this transaction.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$778,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$51,870.71
Cash-on-Cash Return-1.27%
Monthly Debt Service$69,211.45
Annual Debt Service$830,537.38
Is there something missing? Send suggestions