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804 W Shady Grove Rd, Grand...

Bridge Logistics Properties Acquires Industrial Asset On 804 W Shady Grove Rd, Grand Prairie
SOLDIndustrial

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

Nathan Orbin

JLL

Broker

6 deals

Broker
BP
BLP - Bridge Logistics PropertiesBuyer

Grand Prairie 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