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902 Northwest Main Street

Marcus & Millichap Sells Industrial Properties In Bunkie, LA & Jonesboro, AR For $6.8M
SOLDIndustrial

Marcus & Millichap Sells Industrial Properties In Bunkie, LA & Jonesboro, AR For $6.8M

902 Northwest Main Street & 5115 East Highland Drive

$6,800,000

Building Size

Asset Type

Industrial

Closing

Sep 5, 2023

AI

Two single-tenant industrial properties have been sold for a total of $6.8 million. The first property, located at 902 Northwest Main Street in Bunkie, Louisiana, spans a total of 88,675 square feet. The second property, known as T-Shirts.com, is situated at 5115 East Highland Drive in Jonesboro, Arkansas, and covers 28,815 square feet.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $6,800,000
  • Address: 902 Northwest Main Street, Bunkie, LA & 5115 East Highland Drive, Jonesboro, AR
  • Market: Bunkie, LA & Jonesboro, AR

Marcus & Millichap, represented by broker Ken Jacobsmeyer, facilitated the sale of these industrial properties. The first property, Capital Signs & Awnings in Bunkie, Louisiana, and the second property, T-Shirts.com in Jonesboro, Arkansas, were both single-tenant assets. This transaction highlights the successful collaboration between Marcus & Millichap and the respective buyers and sellers.

Players

Ken Jacobsmeyer

Marcus & Millichap

Broker

$15.9M

vol

3 deals

Broker

Bunkie Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.33%

Cash-on-Cash

-0.67%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93