CapRock Partners recently acquired Peachtree Distribution Center, a 396,750-square-foot, 100% leased, Class-A industrial asset in Mesquite, Texas.
The warehouse property is within a preferred distribution business center in Dallas-Fort Worth’s East Dallas/Mesquite industrial submarket.
CapRock purchased the distribution facility from a Dallas-based investor-developer. Terms of the deal are not disclosed.
Peachtree Distribution Center is located at 510 N. Peachtree Road, adjacent to the I-635 freeway, with prime visibility and accessibility. The 24-acre property is less than one mile from freeway on/off ramps via Military Parkway and W. Scyene Road and is within close proximity to regional transportation routes such as HWY 80, I-30, I-20, and I-635. Corporate neighbors include big-box industrial users such as distributors and light manufacturers and the property is surrounded by institutional ownership.
Built in 2001, the distribution facility features a cross-dock configuration with 31-foot clear height, 66 dock-high doors and three drive-ins, minimal office space (3.2% of the property), abundant power and ESFR sprinklers. The Property also features 120-foot truck courts that are expandable to 175 feet, and easy in and out access to N. Peachtree Road.
Peachtree Distribution Center is leased to three high-quality tenants. CapRock plans to make capital improvements to enhance the property’s functionality and aesthetic.
CBRE National Partners represented the seller in the transaction, led by Randy Baird, Ryan Thornton, Jonathan Bryan, Eliza Bachhuber, Nathan Wynne, and Elliott Dow.
