Dogwood Industrial Properties Acquires Industrial Property In Hutto From Titan Development
50 New Technology Blvd, Hutto, TX, USA
Building Size
152,234 SF
Asset Type
Industrial
Closing
Feb 15, 2021
AI
The industrial property located at 1150 New Technology Blvd in Hutto has been sold. The transaction took place on February 16, 2021, and the property spans a total of 152,234 square feet. The property was sold by Titan Development to Dogwood Industrial Properties.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Not specified
- Market: Hutto
- Seller: Titan Development
- Buyer: Dogwood Industrial Properties
- Brokers: Omar Nasser, Blake Patterson, & Leigh Ellis - Aquila Commercial
Omar Nasser, Blake Patterson, and Leigh Ellis from Aquila Commercial represented the buyer and seller in the deal.
Players
Hutto Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
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