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1075 South Gateway Boulevard

Greenlaw Partners Acquires 621,784 SF Industrial Property In Forney With Mikheel Davankar As Buyer
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

Nathan Lawrence

KBC Advisors

Broker

7 deals

Broker
Mikheel Davankar

Mikheel Davankar

Greenlaw Partners

Buyer

6 deals

Buyer

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