ACG Acquires Carrolton Industrial Property From CanTex Capital
2205 Country Club Dr Carrollton, TX 75006, USA
Building Size
10,608 SF
Asset Type
Industrial
Closing
Jul 5, 2023
AI
A fully leased Industrial Outdoor Storage property located at 2205 & 2115 Country Club in Carrolton, TX has been sold. The property, consisting of a 10,608 square foot cross-dock terminal with 37 dock-high doors, sits on approximately 8 acres. The transaction was completed by CanTex Capital, who sold the property to ACG.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Address: 2205 & 2115 Country Club, Carrolton, TX
- Market: Carrolton, TX
- Square Footage: 10,608
Bradford Commercial Real Estate Services' Chris Wong served as the broker for CanTex Capital in this deal. While no additional information regarding the transaction was provided, it is noteworthy that the property was fully leased at the time of the sale.
Texas Industrial Market Snapshot
Boundary boundary · Industrial · 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