Avistone Acquires Northwest Crossing in Dallas, Texas

By David Sheets | Sep 29, 2015 News / Portfolio
Northwest Crossing

Avistone Industrial Property Fund I, LLC acquired Northwest Crossing located in Dallas, Texas. The 126,894 square foot multi-tenant flex / warehouse project is located in the South Stemmons industrial sub-market easily accessed by I-35E and Loop 12 with a 10 minute drive to the Dallas/Fort Worth Airport.  Built in 1982, the Project consists of four (4) buildings, and is currently leased to 31 tenants.

The company negotiated an acquisition price of well below replacement value, with healthy average cash-on-cash yields and a high IRR and investment multiple over a 5 year holding period.

Avistone Industrial Property Fund I, LLC acquired Northwest Crossing located in Dallas, Texas. The 126,894 square foot multi-tenant flex / warehouse project is located in the South Stemmons industrial sub-market easily accessed by I-35E and Loop 12 with a 10 minute drive to the Dallas/Fort Worth Airport.  Built in 1982, the Project consists of four (4) buildings, and is currently leased to 31 tenants.

The company negotiated an acquisition price of well below replacement value, with healthy average cash-on-cash yields and a high IRR and investment multiple over a 5 year holding period.