DB2RE Properties
Davidson Bogel Real Estate logo

DFW STNL Industrial Portfolio | Brookhollow & DFW Airport

8920 Directors Row, Dallas, TX 75247

Price:  Market


Cap Rate:  Market


Debt:  Free & Clear


Building Size:  16,038


Occupancy:  NNN


Lot Size:  0.95 AC / 41,382 SF


Zoning:  Industrial


9019 Governors Row, Dallas, TX 75247

Price:  Market


Cap Rate:  Market


Debt:  Free & Clear


Building Size:  10,250


Occupancy:  NNN


Lot Size:  0.70 AC / 30,544 SF


Zoning:  Industrial


8550 Esters Blvd., Irving, TX 75063

Price:  Market


Cap Rate:  Market


Debt:  Free & Clear


Building Size:  40,582


Occupancy:  NNN


Lot Size:  2.74 AC / 119,354 SF


Zoning:  Industrial


Please provide the below information to view this property's offering memorandum.






    PrincipalBroker

    Confidentiality And Conditions Agreement

    This will serve to confirm our agreement concerning certain material, data and information (the “Underwriting Package”) which Davidson Bogel Real Estate, L.L.C (“Listing Agent”) may make available to Prospective Purchaser for study in connection with a possible purchase by Prospective Purchaser of the Property.

    Listing Agent or Owner is prepared to furnish Prospective Purchaser with the Underwriting Materials in connection with discussions and negotiations concerning a possible transaction involving the Property only on the condition that Prospective Purchaser treat Underwriting Materials confidentially and confirm certain representations to Listing Agent. Therefore, as a prerequisite to Listing Agent’s furnishing to Prospective Purchaser the Underwriting Materials, Prospective Purchaser hereby represents and agrees to the following:

    1. The Underwriting Materials furnished to Prospective Purchaser will be used by Prospective Purchaser solely for evaluating a possible transaction exclusively for our own account, as principal in the transaction, and not as broker or agent for any other person. Therefore, Prospective Purchaser agrees to keep the Underwriting Materials strictly confidential for a period of 12 months; provided however that any such Underwriting Materials may be disclosed to Prospective Purchaser’s directors, officers or employees, as well as its counsel, accounting firms and financial institutions who need to know such information for the purpose of assisting with Prospective Purchaser’s possible purchase of the Property. Such directors, officers, lawyers, financial institutions and accountants shall be informed by Prospective Purchaser of the confidential nature of such information and shall be directed by Prospective Purchaser to hold such information in strict confidence and otherwise comply with the terms of this agreement. Prospective Purchaser shall be responsible for breach of this Agreement of such persons.

      Prospective Purchaser agrees not to copy or duplicate the Underwriting Materials and to return the Underwriting Materials to Listing Agent promptly if Prospective Purchaser decides to discontinue discussions, or if requested by Listing Agent or Owner.

    2. Although Listing Agent has endeavored to include in the Underwriting Materials information which Listing Agent believes to be relevant for the purpose of helping Prospective Purchaser in Prospective Purchaser’s evaluation of the Property for possible purchase, Prospective Purchaser understands and acknowledges that neither the Seller of the Property nor Listing Agent make any representation or warranty to Prospective Purchaser as to the accuracy or completeness of the Underwriting Materials. Prospective Purchaser agrees that Seller and Listing Agent shall not have any liability to Prospective Purchaser as a result of our use of the Underwriting Materials and it is understood that Prospective Purchaser is expected to perform and be responsible for such due diligence, investigations and inspections of the Property, including investigation of any environmental conditions, such as ADA (Americans with Disabilities Act), hazardous waste and flood zone as it deems necessary or desirable and as permitted by agreement with the Owner of the Property.
    3. Prospective Purchaser also warrants and represents that no broker or agent represents or will represent it in any possible transaction involving the Property. Prospective Purchaser is advised that Davidson Bogel Real Estate, L.L.C. is acting on behalf of Owner as exclusive agent in connection with the investment in this Property. Should the Prospective Purchaser elect to have representation by a Co-broker, Prospective Purchaser hereby agrees that any fees earned by or owed to Co-broker in connection with this transaction will be paid by the undersigned Prospective Purchaser, unless otherwise agreed to in writing by Davidson Bogel Real Estate, L.L.C., Prospective Purchaser and Co-broker. Prospective Purchaser agrees to indemnify and hold harmless Davidson Bogel Real Estate, L.L.C., Owner, their respective affiliates, successors and assigns, employees, officers and directors against and from any loss, liability or expense, including reasonable attorney’s fees, arising out of any claim or claims by Co-broker, finder or similar agent for commissions, fees or other compensation for bringing about any investment in the Property by Prospective Purchaser.
    4. Prospective Purchaser hereby acknowledges that Prospective Purchaser has been informed, both orally and by this written disclosure, that:
      1. Listing Agent through Cameron Deptula are acting as Agent(s) of the Seller of the Property, and
      2. Any information given by Prospective Purchaser to Listing Agent may be disclosed to the Seller.
    5. While Owner and/or Listing Agent may discuss the purchase and sale of the Property with Prospective Purchaser, either Owner or Listing Agent, in our sole and absolute discretion, may terminate discussions at any time and for any reason. Recipient acknowledges Owner has no obligation to discuss or agree to the sale of any of the Property. The discussions may be lengthy and complex, notwithstanding that we may reach one or more oral understandings or agreements on one or more issues we are discussing, neither of us shall be bound by any oral agreement of any kind and no rights, claims, obligations or liabilities of any kind, either express or implied, shall arise or exist in favor of or be binding upon either Owner or Listing Agent except to the extent expressly set out in a written agreement signed by both Owner and Listing Agent.

      THE OWNER EXPRESSLY RESERVES THE RIGHT AT ITS SOLE DISCRETION TO REJECT ANY OR ALL PROPOSALS OR EXPRESSIONS OF INTEREST IN THE PROPERTY AND TO TERMINATE DISCUSSIONS WITH ANY PARTY AT ANY TIME WITH OR WITHOUT NOTICE.

    6. Prospective Purchaser agrees not to contact the tenants, leasing brokers or Property management staff of the Property in connection with recipient’s review of the Confidential Information.
    7. THIS CONFIDENTIAL INFORMATION SHALL NOT BE DEEMED AS REPRESENTATION OF THE STATE OF AFFAIRS OF THE PROPERTY OR CONSTITUTE AN INDICATION THAT THERE HAS BEEN NO CHANGE IN THE BUSINESS OR AFFAIRS OF THE PROPERTY SINCE THE DATE OF PREPARATION OF THIS MEMORANDUM.
    8. This Agreement is for the benefit of Owner and may be enforced by Owner.
    9. Prospective Purchaser acknowledges that in the event Prospective Purchaser breaches any provision of this Agreement, or threatens or attempts to do so, Owner would be irreparably harmed. “Accordingly, you agree in advance to the granting of injunctive or other equitable relief in favor of Owner without proof of actual damages, in addition to other remedies available at law or in equity.
    10. This agreement will be in effect for a period of one (1) year of execution.

    If you do not wish to pursue negotiations leading to this acquisition, or if in the future you discontinue such negotiations, you agree to return all confidential information to Listing Agent. Otherwise, please agree below.

    * Fields marked with asterisk are required. You must check terms acceptance box to view this OM.

    Contact us about this property  

    Highlights

    • STABLE IN-PLACE CASH FLOW – 100% occupied STNL industrial Portfolio with 3.24 to 5 years of term remaining (average of 4.16 years), providing ample stability in the short-term, but access to the upside within a five-year hold period or less.
    • VALUE-ADD – The Portfolio boasts below market rents across the entire portfolio in 2022. Furthermore, new ownership benefits from FMV renewal options on each asset upon lease expiration.
    • EXCELLENT POSITIONING – Two (2) properties, totaling 39.31% of the Portfolio, are situated within the coveted West Brookhollow submarket. The remaining property, 60.69% of the Portfolio, is located in the E. DFW Airport / Las Colinas submarket.
    • VERSATILE INDUSTRIAL PORTFOLIO – Assets cater to a diverse and expanded tenant base seeking 10K SF – 50K SF spaces.
    • EASE OF MANAGEMENT – This STNL portfolio requires minimal landlord oversight and management.
    • LIMITED CAPITAL IMPROVEMENTS – All three (3) assets have recently been repositioned and renovated, minimizing the need for significant capital expenditures within both the short-term and long-term.
    • NATION LEADING INDUSTRIAL MARKET – DFW is one of the largest industrial markets in the country with over 1 billion square feet of industrial space and is the nation’s leading market in terms of net absorption, with over 33.7 million square feet of industrial space absorbed in the last twelve months and 27.9 million square feet of industrial space absorbed year-to-date 2022.
    • DEMOGRAPHICS & ACCESS – The portfolio’s infill location offers direct access to over 7 million people, the largest business hubs within the DFW Metroplex and unmatched access to Interstate 35E, Interstate 635, Highway 114 and Highway 183.

    Description

    Davidson & Bogel Real Estate, as exclusive advisor, is pleased to present to qualified investors the rare opportunity to purchase the “DFW STNL Industrial Portfolio” (the “Portfolio”), a 3-property STNL shallow bay offering totaling 66,870 SF located within the West Brookhollow and E. DFW Airport / Las Colinas submarkets.

    Currently, the Portfolio is 100% occupied with an average of 4.16 years of term remaining with below market rental rates. As the leading industrial market in the country, the DFW Metroplex is experiencing rapid rent growth and stabilized occupancies north of 95%. Each lease enjoys both annual rent escalations and FMV renewal options, providing new ownership with a fantastic blend of upside within a 5-year hold period, along with a stabilized revenue stream.

    Strategically positioned within two of the most coveted infill industrial markets, prospective purchasers have an unique opportunity to find scale within these high-barrier and high-growth areas. The irreplaceable locations of each asset offer unmatched connectivity to over 7 million people, in addition to DFW’s primary commercial and residential hubs. More importantly, the properties enjoy access to major transportation arteries: Interstate 35E, Interstate 635, Highway 114 and Highway 183.

    The Portfolio, averaging 22,290 SF per building, caters to one of the largest pools of tenants, the light distribution user seeking sub 75,000 SF spaces. The expanded tenant base, low occupancy rates across the entire market, and the single-tenant nature of the Portfolio, combine to provide new ownership various avenues to maximize value when repositioning. Lastly, with major capital improvements already completed, as well as little management oversight required, the Portfolio, whether purchased individually or as a portfolio, is an ideal investment for a wide range of investors seeking irreplaceable industrial assets.

    Location

    8920 Directors Row, Dallas, TX 75247
    9019 Governors Row, Dallas, TX 75247
    8550 Esters Blvd., Irving, TX 75063

    DFW STNL Industrial Portfolio | Brookhollow & DFW Airport

    8920 Directors Row, Dallas, Dallas County, TX 75247

    DFW STNL Industrial Portfolio | Brookhollow & DFW Airport

    Contact Us About this Property

    Cameron Deptula

    INVESTMENT SALES
    TREC #622382

    214.526.3626 ext. 116
    CDeptula@DB2RE.com

    David Guinn

    DIRECTOR OF INDUSTRIAL
    TREC #643784

    214.526.3626 ext. 136
    DGuinn@DB2RE.com