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
- Property Type: Industrial
- Seller: Nuveen Real Estate - Mike Sales
- Buyer: Kennington Commercial - Clayton Kennington
- Broker: CBRE National Partners - Randy Baird, Jonathan Bryan, Ryan Thornton, & Eliza Bachhuber, Bradford Commercial Real Estate Services - Brian Pafford
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
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