Updated Dec 19, 2023
Adam Abushagur & Davis Cagle Of Marcus & Millichap Facilitate Sale Of 7,400 SF Industrial Property In Midland On 3 Acres
1010 West County Road 126, Midland, TX 79706, USA
Building Size
7,400 SF
Asset Type
Industrial
Closing
Oct 14, 2021
About this deal
AI
The recently closed property transaction in Midland involved an industrial asset located at 1010 West County Road 126. The property spans over 3 acres and offers 7,400 square feet of space. The transaction took place on October 14, 2021.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Not specified
- Market: Midland
- Acres: 3
- Square Footage: 7,400
The deal was facilitated by Adam Abushagur and Davis Cagle of Marcus & Millichap, who served as the brokers representing the parties involved in the transaction.
Players
Midland 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