Updated Oct 29, 2024
Exeter Property Group Acquires Industrial Assets In Dallas, TX & Charlotte, NC For $14.6M
5201 Catron Drive, Dallas, TX, USA
$14,600,000
$92/SF
Building Size
158,250 SF
Asset Type
Industrial
Closing
Jan 20, 2021
About this deal
AI
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.
On the Map
$14,600,000
$92/SF
Industrial
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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
1.09%
Cash-on-Cash
-0.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93