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.
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