Avistone Acquires Northgate Business Park III in Dallas, Texas

By David Sheets | Jan 13, 2017 News / Portfolio
Northgate Business Park III

Avistone, LLC announces the acquisition of Northgate Business Park III located in Dallas, Texas. The 155,494 square foot multi-tenant flex / warehouse project is located in the Northeast Dallas/Garland industrial sub-market on 10.51 acres of land. Built between 1983 and 1984, the project consists of five (5) buildings, and is currently 92.06% leased to 33 tenants. The company negotiated an acquisition price approximately 65% below replacement value, with solid projected average cash-on-cash yields and IRR over a 5-year holding period.

Avistone, LLC is excited to announce the acquisition of Northgate Business Park III located in Dallas, Texas. The 155,494 square foot multi-tenant flex / warehouse project is located in the Northeast Dallas/Garland industrial sub-market on 10.51 acres of land. Built between 1983 and 1984, the project consists of five (5) buildings, and is currently 92.06% leased to 33 tenants.
The company negotiated an acquisition price approximately 65% below replacement value, with solid projected average cash-on-cash yields and IRR over a 5-year holding period.

According to research reports by CBRE and Cushman Wakefield, the Dallas/Fort Worth industrial market continues to be a power house among other leading markets in the nation. The combination of the overall market vacancy being at 5.8% and the lack of new development of multi-tenant industrial properties lends itself to tenant retention in the market. Also, employment in the Dallas region expanded for the 8th consecutive month by the end of 3Q16. “We are thrilled to have acquired a second property in the Dallas market. The job and economic growth in the area along with demand for industrial space lends itself to a potentially very successful investment” said Richard Kent, Avistone’s Managing Principal. “Northgate Business Park III aligns perfectly with Avistone’s acquisition goals of acquiring stabilized, multi-tenant business parks that produce healthy cash flow and a strong projected total returns while minimizing risk. We are continuing to acquire properties similar to Northgate III to our portfolio in order to provide the yield, return, and mitigated risk for our investors.”

Avistone is a premier commercial real estate investment firm specializing in the multi-tenant business park properties. The company is currently acquiring and managing quality, stabilized multi-tenant properties in major and secondary markets throughout the U.S. from $5 to $25 million. To learn more about investing with Avistone, please email [email protected].


© 2024 Avistone, LLC. All rights reserved.

*IMPORTANT DISCLOSURES: This communication is intended exclusively for the private and confidential use of accredited investors. It is transmitted by the sponsor of the investment opportunity, Avistone, LLC, or one of its affiliates (referred to as "Avistone" or "Sponsor") and is provided solely for informational purposes. All information and opinions contained herein, including assumptions and projections (collectively referred to as "Projections"), are furnished by the Sponsor. The Sponsor and its affiliates make no representations or warranties regarding the accuracy of such information and disclaim any liability in this regard. None of the content in this communication is intended to create a binding obligation on the part of the Sponsor or its affiliates. This communication is fully qualified by reference to the comprehensive information regarding the offering set forth in the Sponsor's offering documents, including any private placement memorandum, operating agreement, and subscription agreement (collectively referred to as "Offering Documents"), which should be carefully reviewed before making any investment.

The Projections provided by the Sponsor, including target IRR, target cash-on-cash, and target equity multiple (referred to as "Targets"), are hypothetical and are not based on actual investment results. They are presented solely to provide insight into the Sponsor's investment objectives, outline anticipated risk and reward characteristics, and establish a benchmark for future evaluation of the Sponsor's performance. The Sponsor's Projections and Targets do not constitute predictions, projections, or guarantees of future performance. There is no assurance that the Sponsor will achieve these Projections or Targets. Forward-looking statements, including the Sponsor's Projections and Targets, inherently involve a variety of risks and uncertainties, and actual results may substantially and materially vary from those anticipated. Refer to the applicable Offering Documents for disclosures concerning forward-looking statements. Projections and Targets, including forward-looking statements, should not be the primary basis for an investment decision. Avistone and its affiliates do not provide any assurance regarding returns, or the accuracy or reasonableness of the Projections or Targets provided by the Sponsor. Past performance does not predict future results. The historical performance record of Avistone is not indicative of future outcomes. Third-party audits have not been conducted on the performance of Avistone's prior projects. Differing property offerings and commitment dates for individual property offerings resulted in varying returns for investors.

The metrics of the Full-Cycle Track Record on industrial properties are calculated based on weighted averages that treat investment dollars equally and are computed by aggregating the outcomes of all Avistone full-cycle industrial property investments, with weights corresponding to the respective capitalization amounts for each Full Cycle Investment. This real estate investment is speculative and involves substantial risk. There is a potential for a partial or complete loss of principal investment and should only be undertaken if you are prepared to bear the consequences of such a loss. Thoroughly review all of the Sponsor's Offering Documents, including any "Risk Factors" therein. For additional information concerning risks and disclosures, please visit https://www.avistone.com. None of the content in this communication should be considered investment advice, whether regarding a specific security or an overall investment strategy. Reproduction or distribution of this message to any individual or entity outside the recipient's organization is prohibited without the express consent of Avistone.