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2601 Pinewood Drive, Grand ...

Optimal Elite Management LLC Acquires Mixed-Use Property In Grand Prairie From Breg Inc
SOLDMixed-use

Optimal Elite Management LLC Acquires Mixed-Use Property In Grand Prairie From Breg Inc

2601 Pinewood Drive, Grand Prairie, TX, USA

Building Size

63,483 SF

Asset Type

Mixed-use

Closing

Nov 30, 2020

AI

The mixed-use property located at 2601 Pinewood Drive in Grand Prairie has been sold in a recent transaction. The property spans over an area of 9.5 acres and comprises a total of 63,483 square feet.

Summary of transaction details

The deal was facilitated by Steve Koldyke, Brian Gilchrist, and Chris Powers from CBRE representing the seller, Breg Inc. On the buyer's side, Noah Dodge and Jason Finch from Bradford Commercial Real Estate Services represented Optimal Elite Management LLC. The transaction took place in the Grand Prairie market.

Players

Brian Gilchrist

CBRE

Broker

7 deals

Broker

Grand Prairie Mixed-use Market Snapshot

Boundary boundary · Mixed-use · 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