Dallas Cowboys Distribution Center
2500 Regent Boulevard, Irving, TX 75063
Property Overview
KBS REIT II was able to capitalize on this investment by acquiring a brand new state-of-the art facility at a time when there were not as many buyers in the market for this product type. The highly efficient building, the outstanding tenant and the fact that the property is located in a foreign trade (duty free) zone, made it a very desirable investment.
Given the great condition the property was in at acquisition, KBS REIT II invested very little capital into the property during the hold period, which contributed to the success of the investment. KBS REIT II was able to sell the property for $22.3 million.
Investment at a Glance
Location: San Jose, CA
Property Type: Industrial
Acquisition Date: July 8, 2010
Purchase Price: $19,000,000
Sale Date: June 11, 2014
Sale Price: $22,250,000
No. of Buildings: 1
No. of Stories: 2
Square Footage: 142,700 SF
Leased Percentage (at the time of Acquisition): 100%
