Arden Logistics Parks Acquires Industrial Properties In Southlake, Grand Prairie, Irving, And More
545 West Commerce Street
Building Size
764,000 SF
Asset Type
Industrial
Closing
Jul 5, 2022
AI
An industrial property spanning 764,000 square feet has been sold in a transaction involving multiple locations. The properties include 545 Commerce St, 902 Fountain Pkwy, 2120 Vanco Drive, 12400 Ford Rd, 1705 John Connally Dr, 3325 Halifax St, 15301 Midway Rd, 3609 Marquis Drive, and 3301 Innovative Way. The sale took place in various markets, namely Southlake, Grand Prairie, Irving, Farmers Branch, Carrollton, Dallas, Addison, Garland, and Mesquite.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Not disclosed
Arden Logistics Parks, represented by Craig A. Spencer, acquired the properties from MoxieBridge. The deal was facilitated by Jones Lang LaSalle.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93