Updated Dec 4, 2024
BND Holdings Acquires Industrial Property From Pepsi In El Paso For $4.65M
10841 Pellicano Drive
$4,650,000
$100/SF
Building Size
46,400 SF
Asset Type
Industrial
Closing
Jul 17, 2024
About this deal
AI
The property asset involved in this transaction is located at 10841 Pellicano Drive in El Paso. It is classified as an industrial asset, consisting of 46,400 square feet. The sale price for the transaction was $4,650,000, which translates to a price per square foot of $100.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $4,650,000
- Buyer: Martin Segal, Rob Logan & Danny Harrison - BND Holdings
- Seller: Pepsi
- Brokers: Rebecca Rojas & Jacob Quinn - CBRE
- Square Footage: 46,400
- Price per Square Foot: $100
- Date of Sale: 7/17/2024
The key individuals involved in the transaction include Martin Segal, Rob Logan, and Danny Harrison, who represented BND Holdings as the buyers of the property. The brokers for this transaction were Rebecca Rojas and Jacob Quinn from CBRE. The property was acquired vacant and is currently being marketed for lease. Interested parties are encouraged to reach out to Danny Harrison via email at [email protected]. BND Holdings is actively acquiring industrial properties nationwide.
Players
El Paso 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
3.41%
Cash-on-Cash
-0.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93