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

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SOLD
$6,800,000

Louisiana

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Industrial
Sold 09/05/2023
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Property Image
SOLD

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

902 Northwest Main Street & 5115 East Highland Drive

See Similar Deals
Industrial
Sold 09/05/2023
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Summary

LOUISIANA
Asset Type:Industrial
Transaction Type:Sale

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
3 deals$15.9M volume(225) 376-6724
BROKER

Details

SOLD
IMAGE: Ken Jacobsmeyer DATE: 09/05/2023 ADDRESS: 902 Northwest Main Street & 5115 East Highland Drive MARKET: Bunkie, LA & Jonesboro, AR ASSET TYPE: Industrial BROKER: Ken Jacobsmeyer - Marcus & Millichap SALE PRICE: $6,800,000 NOTE: Marcus & Millichap has announced the sale of two single-tenant industrial properties for a total of $6.8 million. The properties include Capital Signs & Awnings in Bunkie, Louisiana (88,675 square feet), and T-Shirts.com in Jonesboro, Arkansas (28,815 square feet).

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$362,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$24,158.96
Cash-on-Cash Return-1.27%
Monthly Debt Service$32,235.47
Annual Debt Service$386,825.63