Apel Construction Services Acquires 9,800 SF Industrial Building In Dallas
9101 Sovereign Row
Building Size
9,800 SF
Asset Type
Industrial
Closing
Nov 30, 2023
AI
A 9,800-square-foot industrial building located at 9101 Sovereign Row in West Dallas has been sold. The transaction was brokered by Lee & Associates. Stephen Williamson represented the seller in the deal, while Turner Peterson of Mercer Co. represented the buyer, Apel Construction Services.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Address: 9101 Sovereign Row, West Dallas
- Market: Dallas
The sale of the industrial building highlights the involvement of two key individuals and their respective companies. Stephen Williamson, from Lee & Associates, represented the seller in the transaction. Turner Peterson, of Mercer Co., acted as the buyer's representative for Apel Construction Services.
Players
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