In an off-market transaction, a North Texas investor has closed on a fully leased 33,400-sf warehouse in south Dallas County.

The 24-suite project was developed in the mid-1980s on a 1.8-acre tract at 706 E. Red Bird Lane in Duncanville. RFF Family Ltd. has acquired the asset from Mazaya Investments LLC of Dallas.

"It was a good investment opportunity," says Josh Meraz, senior associate of Dallas-based Bradford Commercial Real Estate Services, who represented the buyer.

Meraz notes several renewals were completed during due diligence, resulting in no rollovers for one to three years and pushing the cap rate above 8.5%. The buyer has retained Meraz to lease the warehouse.

Kyle Matthews of Matthews Real Estate Investment Services represented the seller, who acquired the holding about four years ago. Situated close South Cockrell Hill Road, the property is just a short distance from the Interstate 20-TX 67 junction.

NORTH TEXAS SALE

RFF Family Ltd. has purchased a 33,400-sf warehouse on 1.8 acres at 706 E. Red Bird Lane, Duncanville, from Mazaya Investments LLC. Josh Meraz, senior associate of Bradford Commercial Real Estate Services, represented the buyer. Kyle Matthews of Matthews Real Estate Investment Services represented the seller.

NORTH TEXAS LEASES

Access Healthcare Services USA LLC has leased 9,775 sf of office/showroom space in Alpha Business Center, 4300 Alpha Rd., Farmers Branch, from Kennington Alpha Business Center LLC. Brian Pafford, executive vice president and managing partner of Bradford Commercial Real Estate Services; Ryan Coretz, broker associate; and Susan Singer, executive vice president, represented the landlord. Michael Stern of Edge Realty Partners represented the tenant.

Rogers Benefit Group has renewed 2,371 sf of office space in Merit Tower,12222 Merit Dr., Dallas, from LLL Four Forest LLC. Jared Laake, vice president of Bradford Commercial Real Estate Services, represented the landlord in the direct deal.

Continental Commercial Investment Group has renewed 2,133 sf of office space in Merit Tower,12222 Merit Dr., Dallas, from LLL Four Forest LLC. Jared Laake, vice president of Bradford Commercial Real Estate Services, represented the landlord in the direct deal.

Bradford Commercial Real Estate Services/CORFAC International is a full-service real estate company based in Dallas with an annual transactions volume exceeding five million square feet. The company manages and leases more than 20 million square feet, valued at $300 million, in North Texas for its strategic partners.