Euless Industrial Facility Changes Hands

JPA Capital LLC acquired the 70,000-square-foot industrial flex property from Hangover Opportunity Fund LLC. At the time of the sale, the property was 47 percent occupied.
  • by Razvan Cimpean | Jun 07, 2017
1101 Pamela Drive in Euless, Texas
1101 Pamela Drive in Euless, Texas

Hangover Opportunity Fund LLC has sold a 70,000-square-foot industrial flex facility in Euless, Texas, to JPA Capital LLC. Coldwell Banker Commercial Advisors DFW’s Casey Tounget, associate, and Theron Bryant, principal, represented the seller of record, Euless Always on My Mind LLC, while the buyer represented itself. At the time of the sale, the property was 47 percent occupied.

Located at 1101 Pamela Drive, the facility offers easy access to Texas State Highway 183 and Interstate 10. The asset features more than 37,000 square feet of shell space, a turn-over plan for a three-year investment by fund manager SkyWalker Property Partners. Tenants include Curry Printing Inc., Modern Tektronic Assembly Inc. and ABC Auto Auction. All have signed long-term leases at the property. Hangover Opportunity Fund completed interior and exterior upgrades, including new landscaping.

Earlier this year, CBC Advisors DFW named Steve Gray as managing principal for its brand-new Dallas office.

Image via Google Street View