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9201 Forest Lane

A Star Heating & Air Acquires 25,608 SF Industrial Property In Forest Green Business Park, Dallas
SOLDIndustrial

A Star Heating & Air Acquires 25,608 SF Industrial Property In Forest Green Business Park, Dallas

9201 Forest Lane

Building Size

25,608 SF

Asset Type

Industrial

Closing

Sep 25, 2023

AI

A 25,608-square-foot industrial property located at 9201 Forest Lane in Dallas has been sold in an off-market transaction. The buyer, A Star Heating & Air, acquired the property from Texas JCSB LLC in a deal facilitated by Bradford Commercial Real Estate Services.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: Not disclosed
  • Address: 9201 Forest Lane, Dallas
  • Market: Dallas
  • Square Footage: 25,608

A Star Heating & Air, represented by Alex Esparza, purchased the property with the intention of transforming it into their headquarters, training center, and warehouse operations facility. Lance Woodward from SRS Real Estate Partners represented A Star Heating & Air as their buyer's representative. On the other side, Brian Pafford and Kyle Espie from Bradford Commercial Real Estate Services acted as the seller's representatives for Texas JCSB LLC.

This transaction marks a strategic move for A Star Heating & Air, providing them with consolidation space and allowing them to utilize the property for their core business operations.

Players

Brian Pafford

Bradford Commercial Real Estate Services

Broker

26 deals

Broker

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