SOLDIndustrial
Greenlaw Partners Acquires 621,784 SF Industrial Property In Forney With Mikheel Davankar As Buyer
1075 South Gateway Boulevard
Building Size
—
Asset Type
Industrial
Closing
Sep 1, 2022
AI
An industrial property located at 1075 Gateway Blvd. in Forney has been sold in a recent transaction. The property spans a total of 621,784 square feet.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Not specified
- Buyer: Greenlaw Partners - Mikheel Davankar
- Seller: VanTrust
- Broker: Nathan Lawrence - CBRE
The buyer of the property is Greenlaw Partners, represented by Mikheel Davankar. The seller in this transaction is VanTrust. The broker, Nathan Lawrence, from CBRE, facilitated the deal.
Players
Boynton Beach 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