The 16-year-old warehouse, positioned on about 2.3 acres in Valwood Industrial Park, brought well "north of $30 per sf" after being on the for-lease market and moving over to a sale. Seller Principal Financial Group of Des Moines acquired the warehouse three years ago in a package sale by Hunt Properties. The property is appraised at nearly $1.9 million, according to the Dallas County Central Appraisal District.
Buyer of record, Westwind LLC, a locally based investment group, will house its Thybar Co., a roof curbing distributor, in the building at 13801 Senlac Dr. The holding has been vacant since mid-2001.
The deal closed in three weeks, John Lancaster of TIG Real Estate Services Inc. in Dallas, tells GlobeSt.com. He and TIG's Steve Trese represented the seller while Mark Miller of Dallas' Robert Lynn Co. handled talks for the buyer.
Jay Annand of Insignia/ESG's Dallas office brokered a sale for Greenway 4919 McKinney LP of a 5,000-sf office building situated at 4919 McKinney Ave. in Uptown. That property has been vacant for 1 1/2 years and on the market for nearly a year, he tells GlobeSt.com. The investment group owner got close to its $600,000 asking price from Shelly Lamb Enterprises, a personnel agency that intends to renovate and occupy in April.
Jack Gosnell of Gosnell and Associates in Dallas represented the buyer of the 1970s-era structure. The appraisal district pegs the assessed value at $400,000.
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