Updated Dec 11, 2024
New York Life Real Estate Investors Provides $71.6M Loan For Industrial Property In Brookshire
31555 Highway 90, Brookshire, E, TX, USA
$71,600,000
$71/SF
Building Size
1,000,000 SF
Asset Type
Industrial
Closing
Dec 22, 2020
About this deal
AI
A 1,000,000 square foot industrial property located at 31555 Highway 90 East in Brookshire was involved in a recent transaction. The deal took place on December 23, 2020.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $71,600,000
- Market: Brookshire
- Landlord: Duke Realty Corp.
- Lender: New York Life Real Estate Investors
The landlord for this property is Duke Realty Corp., while the lender in the transaction was New York Life Real Estate Investors.
James B. Connor, Jeff Bezos, and Mark Talgo were involved in the deal. However, their specific roles or affiliations were not mentioned in the available information.
On the Map
$71,600,000
$71/SF
Industrial
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Players
Brookshire Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.22%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93