Texas + Industrial | April 7, 2020

Duncanville Warehouse Trades in Off-Market Deal

In an off-market transaction, a North Texas investor has closed on a fully leased 33,400-square-foot warehouse in south Dallas County. Terms weren’t disclosed.

The 24-suite project was developed in the mid-1980s on a 1.8-acre tract at 706 E. Red Bird Ln. in Duncanville. RFF Family Ltd. acquired the asset from Mazaya Investments LLC of Dallas.

“It was a good investment opportunity,” says Josh Meraz, senior associate of Dallas-based Bradford Commercial Real Estate Services, who represented the buyer.

He noted that several renewals were completed during due diligence, resulting in no rollovers for one to three years and pushing the cap rate above 8.5%. The buyer has retained Meraz to lease the warehouse.

Kyle Matthews of Matthews Real Estate Investment Services represented Mazaya Investments, which acquired the holding about four years ago. Situated near South Cockrell Hill Road, the property is just a short distance from the Interstate 20-TX 67 junction.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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