Updated Oct 12, 2026
PS Business Parks Acquires Industrial Property In Grapevine For $123M
749 Port America Place, Grapevine, TX 76051, USA
$123,000,000
$171/SF
Building Size
717,735 SF
Asset Type
Industrial
Closing
Sep 2, 2021
About this deal
AI
Stockbridge Capital Group has recently sold an industrial property located at 749 Port America Place in Grapevine. The property spans 717,735 square feet and sits on a 50-acre lot. The sale price for this transaction was $123,000,000, resulting in a price per square foot of $171 and a price per acre of $2,460,000.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $123,000,000
- Date: 09/02/2021
- Address: 749 Port America Place
- Market: Grapevine
- Seller: Stockbridge Capital Group - Mark Carlson
- Buyer: PS Business Parks - Mac Chandler
Mark Carlson of Stockbridge Capital Group represented the seller in this transaction, while Mac Chandler of PS Business Parks represented the buyer. This sale marks a significant transaction in the Grapevine industrial market, showcasing the demand and value in the area.
On the Map
$123,000,000
$171/SF
Industrial
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Players
Grapevine 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
0.13%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93