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.
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