CARROLLTON, TX—The sale of 1000 W. Crosby Rd., a single-story multi-tenant industrial/flex building just outside of Dallas, is now underway. The 220,595-square-foot property is being sold via Ten-X Commercial's offer select platform.
Ten-X is partnering with Capstone Commercial to market and sell the asset. Ten-X and Capstone Commercial will help the asset's seller and eventual buyer complete the assumption on a CMBS loan.
Ten-X's managed bid function is a two-step process whereby interested buyers submit sealed indicative bids to qualify for a short list that compete for a property in a scheduled online auction event. The final call for offers is September 26.
“The property is currently 100% occupied by a variety of tenants including Real Soccer, Healthcare Interiors, Tepco Contract Glazing, Texas Granite & Tile, Zerorez, Hope Fellowship, Homerun Alley, Black Tie Moving, CKC Holdings, All Purpose Landscaping and Fencing Institute of Texas,” Ten X's Mike Besack tells GlobeSt.com. “Tenants are operating on NNN leases with each tenant responsible for their pro-rata share of operating expenses.”
1000 W. Crosby Rd. covers 11 acres next to Interstate 35E. The property is part of the institutionally developed Valwood Industrial Park, which provides centralized access to the Dallas/Fort Worth metroplex.
“1000 W. Crosby Road benefits from its location in the thriving Dallas/Fort Worth industrial market, which is the fifth largest in the country,” said Ten-X Commercial real estate division general manager Gordon Smith. “This asset gives investors an opportunity to purchase a stabilized flex property in a very desirable region.”
CARROLLTON, TX—The sale of 1000 W. Crosby Rd., a single-story multi-tenant industrial/flex building just outside of Dallas, is now underway. The 220,595-square-foot property is being sold via Ten-X Commercial's offer select platform.
Ten-X is partnering with Capstone Commercial to market and sell the asset. Ten-X and Capstone Commercial will help the asset's seller and eventual buyer complete the assumption on a CMBS loan.
Ten-X's managed bid function is a two-step process whereby interested buyers submit sealed indicative bids to qualify for a short list that compete for a property in a scheduled online auction event. The final call for offers is September 26.
“The property is currently 100% occupied by a variety of tenants including Real Soccer, Healthcare Interiors, Tepco Contract Glazing, Texas Granite & Tile, Zerorez, Hope Fellowship, Homerun Alley, Black Tie Moving, CKC Holdings, All Purpose Landscaping and Fencing Institute of Texas,” Ten X's Mike Besack tells GlobeSt.com. “Tenants are operating on NNN leases with each tenant responsible for their pro-rata share of operating expenses.”
1000 W. Crosby Rd. covers 11 acres next to Interstate 35E. The property is part of the institutionally developed Valwood Industrial Park, which provides centralized access to the Dallas/Fort Worth metroplex.
“1000 W. Crosby Road benefits from its location in the thriving Dallas/Fort Worth industrial market, which is the fifth largest in the country,” said Ten-X Commercial real estate division general manager Gordon Smith. “This asset gives investors an opportunity to purchase a stabilized flex property in a very desirable region.”
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
