Recent Industrial Sales in Dallas

Sale of industrial properties recorded significant downward movement compared to last year. In the entire market 73 industrial properties were sold in the month of March 2012. In terms of number of properties sold, industrial sales have decreased by 16% compared to March 2011. Of all the counties, Dallas recorded the highest sale of 42 industrial properties. In terms of gross square feet there was a decrease of 45.8% when compared to March 2011. Below are some of the notable industrial sales that were recorded in the Dallas market:

In March 2012, Cam 700 Freeport Parkway LLC, an entity of Oaktree Capital Management LP has purchased Coppell Corporate Crossing Building 3, a 230,000 square-foot office/warehouse facility located at 700 Freeport Parkway in Coppell of Dallas County, from Freeport Parkway Holdings LP, an entity of Cohen Asset Management Inc. The ten-year-old facility is 88% occupied with average rents at $0.38 per square foot. The warehouse facility is located between at East of Freeport Parkway and South of West Bethel Road. The property has access to Freeport Parkway and West Bethel Road. The contiguous space available is 27,000 square feet and the rent type is industrial gross. The multi-tenant office/warehouse facility was built in 2001 and is situated on 18.92 acres.

Another significant sale from the month was by 9200 Royal Lane LLC, an entity of Regal Plastic Supply Company Inc, who has purchased the Royal Business Center, a 50,000 square-foot office/warehouse facility located at 9200 West Royal Lane in Irving, Dallas County. The 29-year-old facility was 52% occupied with average rents at $0.72 per square foot. The facility is located at South Interstate Drive. The industrial building has access to Lane, Statesman Drive and Esters Boulevard. The multi-tenant office/warehouse facility was built in 1982 and is situated on 3.60 acres. The contiguous space available is 7,500 square feet and the rent type is triple net.