Updated May 21, 2025
Bixby Capital Management Acquires Red River Business Park In Lewisville Texas For 241104 Square Feet
900 Arthur's Ln
Building Size
241,104 SF
Asset Type
Industrial
Closing
May 21, 2025
About this deal
AI
The Red River Business Park, located at 900 Arthur's Ln in Lewisville, is a newly built industrial complex encompassing 241,104 square feet. This Class A property currently has a leasing rate of 56% and features modern logistics capabilities along with strategic access to major highways I-35 and SH-121.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Address: 900 Arthur's Ln
- Market: Lewisville
- Square Footage: 241,104
- Buyer: Aaron Hill & Lexi Geiger
- Buyer’s Company: Bixby Capital Management
Bixby Capital Management, represented by Aaron Hill and Lexi Geiger, acquired the property. The three-building complex presents potential growth opportunities through remaining lease-up. Bixby Capital Management is known for managing and investing in Class A industrial assets.
On the Map
Industrial
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Players
Lewisville 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