Updated Sep 23, 2026
Equus Capital Partners Acquires 420,643 Square Foot Industrial Facility In Wilmer Texas
601 W Pleasant Run Rd
Building Size
420,643 SF
Asset Type
Industrial
Closing
Sep 21, 2026
About this deal
AI
The 420,643-square-foot Inland Logistics Center located at 601 West Pleasant Run Road, Wilmer, TX, has been sold. This industrial asset is a Class A distribution facility, completed in 2024, and is currently fully leased. It features 88 dock-high doors and 36-foot clear heights.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Address: 601 West Pleasant Run Road
- Buyer: Keith Hontz, Stephen M. Spaeder & Shane Mullen
- Buyer Company: Equus Capital Partners
- Previous Owner: Hines
- Market: Wilmer, TX
Keith Hontz and Shane Mullen were responsible for overseeing the transaction for Equus Capital Partners, facilitating the acquisition from developer Hines.
On the Map
Industrial
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Players
Wilmer 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