Updated Dec 4, 2024
Nuveen Real Estate Acquires 165,000 SF Industrial Property In Coppell, TX
585 S Royal Ln, Coppell, Texas 75019, United States
Building Size
165,000 SF
Asset Type
Industrial
Closing
Jun 8, 2022
About this deal
AI
The industrial property located at 585 S Royal Ln, Coppell, TX has been sold in a transaction in the E DFW Airport Submarket. The property spans an area of 165,000 square feet and was sold on 06/09/2022.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Market: E DFW Airport Submarket
- Square Footage: 165,000
- Sale Date: 06/09/2022
- Address: 585 S Royal Ln, Coppell, TX
The buyer of the property is Nuveen Real Estate, while Dexas acted as the seller. The deal was facilitated by brokers Alex Wilson and Nathan Denton, SIOR, who represented the buyer and seller respectively. They are affiliated with Lee & Associates DFW. It is worth noting that the deal was structured as a sale/leaseback.
On the Map
Industrial
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Players
Coppell 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