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1506 I-35 W Denton, TX 7620...

Romit Cheema Of CanTex Capital Acquires 33758 Square Foot Industrial Building In Denton
SOLDIndustrial

Romit Cheema Of CanTex Capital Acquires 33758 Square Foot Industrial Building In Denton

Building Size

33,758 SF

Asset Type

Industrial

Closing

Sep 15, 2025

AI

An industrial building located at 1506 I-35W in Denton, Texas, has been acquired in a sale transaction. This asset encompasses a total area of 33,758 square feet. The transaction took place in the Denton market.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not disclosed
  • Address: 1506 I-35W
  • Market: Denton
  • Square Footage: 33,758
  • Buyer: Romit Cheema - CanTex Capital
  • Broker: John Anderson - Lee & Associates
  • Seller: Undisclosed

Romit Cheema represented CanTex Capital in the acquisition of the property, while John Anderson of Lee & Associates facilitated the transaction on behalf of the buyer. The identity of the seller remains undisclosed.

Players

Johnny Anderson

Lee & Associates

Broker

5 deals

Broker
Lee & Associates
Lee & AssociatesBrokerage
Romit Cheema

Romit Cheema

CanTex Capital

Buyer

10 deals

Buyer
CanTex Capital
CanTex CapitalBuyer

Market Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93