Enterprise America Acquires Land In Ennis From DA Ennis 45 Partners LP
Interstate 45 Business Loop & East Ennis Avenue, Ennis, TX, USA
Building Size
—
Asset Type
—
Closing
Jun 10, 2020
About this deal
AI
A land located at I-45 & East Ennis Avenue in Ennis has been sold. The transaction took place on June 11, 2020. The asset, consisting of approximately 2 acres, was sold in a closed deal.
Summary of transaction details
- Property Type: Land
- Transaction Amount: Not specified
The seller of the land was DA Ennis 45 Partners, LP. The buyer, Enterprise America, was represented by Sharif Choudhury. The deal was facilitated by two broker representatives, Demian Salmon from Stream Realty Partners and Jim Jamerson from SEGOVIA Retail Group. Chad DuBose from Foremark also played a role in the transaction.
On the Map
Players
Ennis CRE Market Snapshot
Boundary boundary · CRE · 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