272K-sf shallow-bay industrial portfolio sold in Irving
IRVING – Pegasus Real Estate has purchased a two-property, shallow-bay industrial portfolio totaling 271,100 sf within the DFW Airport industrial submarket.
The portfolio includes a fully leased, 92,051-sf building at 4040 Royal Ln. and a 12-building, 93 percent-leased Commerce Center at 4823-4845 W. Royal Ln. and 8400-8432 Sterling St.
Completed between 1981 and 1999, the shallow-bay assets have clear heights from 12 to 18 ft, seven dock-high doors, two drive-in ramp doors, 39 ground-level doors, and high office finishes.
JLL Capital Markets marketed the property on behalf of the seller, Fort Capital, and arranged acquisition financing.
The Texas Real Estate Research Center has more on DFW’s industrial market:
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