Trive Real Estate Equity Management Acquires 57,000 Square Foot Industrial Building In Dallas
7 Justice Way
Building Size
—
Asset Type
Industrial
Closing
Sep 27, 2024
AI
An industrial property located at 7 Justice Way in Dallas has been sold. The building, which spans 57,000 square feet, sits on a 22.4-acre lot. It was constructed in 2023 and features three dock-high loading doors and nine grade-level drive-in doors.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Address: 7 Justice Way
- Market: Dallas
- Acres: 22.4
- Buyer: Trive Real Estate Equity Management
- Seller: HTH 9800 Stemmons LLC
- Brokers: Giovanni Scardino & Jason Moser - Stream Realty Partners
The transaction involved Giovanni Scardino and Jason Moser of Stream Realty Partners representing both Trive Real Estate Equity Management and HTH 9800 Stemmons LLC in the deal.
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