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
Market 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93