Thor Equities Group sells logistics asset in Dallas–Fort Worth submarket for $20m

Thor Equities Group has sold a 129,914-square-foot warehouse, located at 3601 N. McDonald Street, in McKinney, Texas, for $20 million. The new owner was not disclosed.

Thor acquired 3601 N. McDonald Street in August of 2021 together with adjacent 350 Cypress Hill Drive for $35.7 million. The warehouse offers direct access to State Route-75, allowing connectivity to the greater Dallas–Fort Worth area. Totaling 129,914 square feet that can be demised into four evenly divided suites, the property features desirable class A amenities and 15 bays. The latter property remains in Thor’s portfolio and features 301,796 square feet of desirable class A amenities and building designs and 24 bays. The building also offers rear loading, ESFR sprinklers and a 130-foot concrete truck apron.

“The demand for modern industrial assets, coupled with Dallas’ strong market conditions, made it an opportune time to sell 3601 N. McDonald Street. We look forward to identifying more opp