Updated Dec 21, 2023
Chad O’Connor Of Marcus & Millichap Capital Corporation Arranges $8.5M Loan For Retail & Industrial Properties In Rowlett, Tyler Texas, West Columbia, And Winslow Township
4802 Lakeview Parkway, Rowlett, Texas 75088, United States
$8,525,000
$78/SF
Building Size
108,671 SF
Asset Type
Industrial
Closing
Jun 1, 2022
About this deal
AI
The property at 4802 Lakeview Parkway, 2951 State Highway 31 East, 307 & 319 Little Chris Lane & 590 Berlin, encompassing a total of 108,671 square feet, was recently involved in a closed transaction. The asset type includes both retail and industrial properties. The transaction took place in Rowlett and Tyler, Texas, West Columbia, South Carolina, and Winslow Township, New Jersey. The loan for this transaction was facilitated by Chad O'Connor from Marcus & Millichap Capital Corporation. The loan amount for the deal was $8,525,000.
Summary of transaction details
- Property Type: Retail & Industrial
- Transaction Amount: $8,525,000
- Address: 4802 Lakeview Parkway, 2951 State Highway 31 East, 307 & 319 Little Chris Lane & 590 Berlin
- Square Footage: 108,671
- Market: Rowlett & Tyler, Texas, West Columbia, South Carolina & Winslow Township, New Jersey
- Broker: Chad O’Connor - Marcus & Millichap Capital Corporation
The loan transaction involving the property was completed on 06/02/2022 and amounted to $8,525,000. Chad O'Connor, representing Marcus & Millichap Capital Corporation, facilitated the loan for this deal.
Rowlett 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
1.86%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93