RREEF Taps CBRE to Sell Coppell Commerce and Business Center Portfolio
RREEF Real Estate has retained CBRE to market the Coppell Commerce and Business Center Portfolio, which consists of approximately 771,720 square feet of industrial space in six Class A, state-of-the-art industrial facilities.
The Portfolio is currently 89% leased to seven tenants with a balanced rollover schedule.
The Portfolio is located within Dallas-Fort Worth, northeast of D/FW International Airport. Situated just north of Interstate 635 (a major East-West corridor) off Beltline Road, the Portfolio provides access to one of the nation’s premier air cargo and passenger airports.
The opportunity combines modern distribution facilities and a future development pipeline. The Portfolio’s existing buildings will provide a reliable in-place cash flow with increasing yields through lease-up and the 9.67-acre development site provides opportunity to enhance yields over the investor’s hold period.
Jack Fraker, Josh McArtor, Jonathan Bryan, and Heather McClain Venegoni of CBRE will market the Coppell Commerce and Business Center.