Updated Dec 4, 2024
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
About this deal
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