DALLAS – August 11, 2016 – Ten-X, the nation’s leading online real estate marketplace, announces the upcoming sale of 1000 W. Crosby Road, a single-story, multi-tenant industrial/flex building in Carrollton, Texas, just outside of Dallas. The 220,595-square-foot property will be sold via Ten-X Commercial’s Managed Bid transaction method. Ten-X is partnering with Capstone Commercial to market and sell the asset.
Ten-X’s Managed Bid function is a two-step process whereby interested buyers submit sealed indicative bids to qualify for a short list that compete for a property in a scheduled online auction event. Indicative bids for 1000 W. Crosby Road are due Aug. 22 with the Managed Bid event taking place Sept. 7.
1000 W. Crosby Road covers 11 acres next to Interstate 35E and currently is 96-percent occupied by a wide variety of tenants that are operating on triple-net (NNN) leases. The property is part of the institutionally developed Valwood Industrial Park, which provides centralized access to the Dallas/Fort Worth Metroplex.
Ten-X and Capstone Commercial will help the asset’s seller and eventual buyer complete the assumption on a CMBS loan.
“1000 W. Crosby Road benefits from its location in the thriving Dallas/Fort Worth Industrial market, which is the fifth largest in the country,” said Ten-X Commercial Real Estate Division General Manager Gordon Smith. “This asset gives investors an opportunity to purchase a stabilized flex property in a very desirable region, which is exactly what they’ve come to expect on the proven Ten-X platform.”
For more information, please click here or call 844-694-4976.
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Ten-X is the nation’s leading online real estate transaction marketplace and the parent to Ten-X Homes, Ten-X Commercial and Auction.com. To date, the company has sold 200,000+ residential and commercial properties totaling nearly $39 billion. Leveraging desktop and mobile technology, Ten-X allows people to safely and easily complete real estate transactions online. Ten-X is headquartered in Irvine and Silicon Valley, Calif., and has offices in key markets nationwide. Investors in the company include Google Capital and Stone Point Capital. For more information, visit Ten-X.com.