Updated Dec 21, 2023
Jon Danklefs Of Marcus & Millichap Sells Industrial Property In El Paso
11655 Pellicano Drive, El Paso, Texas 79936, United States
Units
424
Asset Type
Industrial
Closing
Sep 27, 2022
About this deal
AI
11655 Pellicano Drive, a 2.5-acre industrial property in El Paso, has been sold in a recent transaction. The property consists of 424 units, making it a significant asset in the market. The sale was facilitated by Jon Danklefs from Marcus & Millichap, representing the parties involved in the deal.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 11655 Pellicano Drive
- Market: El Paso
- Units: 424
- Acres: 2.5
The sale of 11655 Pellicano Drive was handled by Jon Danklefs from Marcus & Millichap. Danklefs played a crucial role in representing the interested parties throughout the transaction, ensuring a successful deal.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93