Bridge Logistics Properties Acquires Industrial Asset On 804 W Shady Grove Rd, Grand Prairie
804 W Shady Grove Rd, Grand Prairie...
Building Size
203,430 SF
Asset Type
Industrial
Closing
Nov 20, 2023
AI
An industrial facility spanning 203,430 square feet located at 804 W Shady Grove Rd in Grand Prairie has been acquired by Bridge Logistics Properties. The property, situated on 12 acres, boasts 32-foot clear heights, 180-foot truck court depths, 42 dock-high doors, and 49 trailer parking stalls.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Address: 804 W Shady Grove Rd, Grand Prairie
- Market: Grand Prairie
- Seller's Rep: Kurt Griffin(JLL), Nathan Orbin(JLL)
- Buyer: Bridge Logistics Properties
- SF: 203,430
Kurt Griffin and Nathan Orbin, who are with Cushman & Wakefield, played pivotal roles in representing the undisclosed seller in this property transaction.
Players
Grand Prairie Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
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