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
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