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Skyway Circle North

Kennington Commercial Acquires 62,000 SF Industrial Property In Dallas
SOLDIndustrial

Kennington Commercial Acquires 62,000 SF Industrial Property In Dallas

Skyway Circle North

Building Size

62,000 SF

Asset Type

Industrial

Closing

Jun 3, 2020

AI

The industrial property located at Skyway Circle North in Dallas, Texas has been sold. The transaction took place on 06/04/20 and was facilitated by Mike Sales from Nuveen Real Estate. The property spans 62,000 square feet and is situated in the market of Irving.

Summary of transaction details

The buyer of the property is Kennington Commercial, represented by Clayton Kennington. The transaction was facilitated by CBRE National Partners, with brokers Randy Baird, Jonathan Bryan, Ryan Thornton, and Eliza Bachhuber. Additionally, Brian Pafford from Bradford Commercial Real Estate Services was involved in the deal.

Players

Jon Bryant

JLL

Broker

$804.6M

vol

57 deals

Broker

Clayton Kennington

Kennington Commercial

Buyer

3 deals

Buyer
Mike Sales

Mike Sales

Nuveen

Seller

$422.6M

vol

13 deals

Seller
Nuveen
NuveenLender

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