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
- Property Type: Mixed-Use
- Transaction Date: 12/01/2020
- Seller: Breg Inc.
- Buyer: Optimal Elite Management LLC
- Seller's Representative: Steve Koldyke, Brian Gilchrist & Chris Powers - CBRE
- Buyer's Representative: Noah Dodge & Jason Finch - Bradford Commercial Real Estate Services
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
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