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324 North Nursery Road

Cole Horowitz And Jon Birnbrey Of Rockbrook Equity Acquire Industrial Property In Irving
SOLDIndustrial

Cole Horowitz And Jon Birnbrey Of Rockbrook Equity Acquire Industrial Property In Irving

324 North Nursery Road

Building Size

28,000 SF

Asset Type

Industrial

Closing

Dec 18, 2024

AI

The infill Industrial Outdoor Storage property at 324 North Nursery Road features approximately 28,000 square feet of building on 7.52 acres, located in the Irving market. It is conveniently situated near Highway 183 and Loop 12, providing excellent connectivity to the DFW Metroplex. This acquisition marks Rockbrook Equity’s fifth property purchase of the year.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not disclosed
  • Address: 324 North Nursery Road
  • Market: Irving
  • Square Footage: +/- 28,000
  • Buyer: Cole Horowitz & Jon Birnbrey - Rockbrook Equity
  • Brokers: Chase Miller & Matt Elliott - NAI Robert Lynn

This transaction involved notable individuals including Cole Horowitz and Jon Birnbrey representing Rockbrook Equity, and Chase Miller along with Matt Elliott serving as brokers from NAI Robert Lynn. The property is available for lease, and inquiries can be directed to Chase Miller, SIOR for more details.

Players

Chase Miller

NAI Global

Broker

$8.8M

vol

11 deals

Broker

Irving 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