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2168 Diplomat Dr, Farmers B...

ProLogis Acquires 49915 SF Property At 2168 Diplomat Dr Farmers Branch With Dan Spika As Seller's Rep
SOLDWarehouse

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

Dan Spika

Broker

7 deals

Broker
Prologis
PrologisBuyer

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