ProLogis Acquires 49915 SF Property At 2168 Diplomat Dr Farmers Branch With Dan Spika As Seller's Rep
2168 Diplomat Dr, Farmers Branch, T...
Building Size
49,915 SF
Asset Type
Warehouse
Closing
Nov 19, 2023
AI
Prologis has acquired a warehouse located at 2168 W. Diplomat Drive in Farmers Branch, Texas. The property is a 49,915-square-foot asset situated on 3.8 acres within the Dallas market.
Summary of transaction details:
- Property Type: Warehouse
- Transaction Amount: Not disclosed
- Address: 2168 W. Diplomat Drive, Farmers Branch, Texas
- Market: Dallas
- Seller: Ngan Brothers LLC
- Buyer's Representative: Dan Spika - Henry S. Miller Brokerage
Dan Spika represented Ngan Brothers LLC in the transaction, facilitating the deal for the seller while Prologis, based in San Francisco, finalized the acquisition. Prologis is known for its significant investments, recently reporting $25 billion in investments in 2020.
Players
Dallas Warehouse Market Snapshot
Boundary boundary · Warehouse · 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