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GTIS Partners buys 17-acre ...

GTIS Partners Acquires 17-Acre Site In Dallas For Industrial Warehouse Development
SOLDLand

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

Gaurav Sahay

GTIS Partners

Buyer

2 deals

Buyer
GTIS Partners
GTIS PartnersBuyer

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