GTIS Partners Acquires 17-Acre Site In Dallas For Industrial Warehouse Development
Building Size
—
Asset Type
Land
Closing
Oct 20, 2023
AI
GTIS Partners, represented by Gaurav Sahay and Robert McCall, has recently acquired a 17-acre site in the Dallas-Fort Worth (DFW) Airport submarket. The purpose of this acquisition is to develop a 272,000 square foot industrial warehouse, capitalizing on the site's excellent location with convenient highway access and a strong labor pool. Construction for this project is scheduled to commence in March 2024, adding to GTIS Partners' growing industrial portfolio throughout the United States.
Summary of Transaction Details:
- Property Type: Land
- Transaction Amount: Not specified
- Market: Dallas
- Building Square Footage (BSF): 272,000
- Acres: 17
This strategic acquisition by GTIS Partners showcases their commitment to expanding their presence in the industrial real estate market. With Gaurav Sahay and Robert McCall as their representatives, they have recognized the potential of the DFW Airport submarket and its advantageous attributes for industrial development. This investment will bring about significant opportunities for economic growth and job creation in the region.
Players
Market Land Market Snapshot
Boundary boundary · Land · 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