DALLAS, TEXAS, November 1, 2022
CRESCENT PARTNERS ACQUIRES 11,400 SQUARE FOOTAGE INDUSTRIAL BUILDING IN GRAPEVINE, TEXAS
Crescent Partners through its acquisition fund, CPIV Fund I LLC, has closed on the acquisition of an 11,400 square-foot industrial building located at 120 N Dooley Street – Grapevine, TX 76051. The concrete slab foundation with structural steel building is 100% leased to multiple tenants.
The building was constructed in 1980 and sits on 0.48 acres. It features a 15-foot clear height, and ten drive-in doors. 120 N Dooley offers a promising investment opportunity given its below-market rents with month-to-month tenants in place offering an immediate opportunity to increase rents closer to market rent. Our investment portfolio continues to expand with the purchase of assets located in infill markets throughout the Dallas/Fort Worth area.
We believe this property is a great addition to our portfolio as it’s a rare industrial opportunity in the heart of Grapevine!
About Crescent Partners, Inc.
Crescent Partners is an industrial real estate holding company that specializes in refining the art of acquisition, renovation, leasing, and property management to deliver a superior leasing experience, and deliver above-market returns to our investors. Crescent Partners targets the acquisition of single-tenant and multi-tenant industrial assets at below replacement cost, located in infill markets. To learn more about our growing portfolio, please visit www.crescentpartners.com. For leasing inquiries or questions about the property, please contact email@example.com. Interested in investing with us? Contact firstname.lastname@example.org.