Edwin Buster Acquires Industrial Property From Mark Smith At 119 HP Business Dr in San Marcos
SOLD
$1,800,000
Texas
See Similar DealsIndustrial10,000 SF
Sold 09/25/2024
SOLD
Edwin Buster Acquires Industrial Property From Mark Smith At 119 HP Business Dr in San Marcos
119 HP Business Dr
See Similar DealsIndustrial10,000 SF
Sold 09/25/2024
Summary
TEXAS
Asset Type:Industrial
Price Per Square Foot:$180
Total Square Footage:10,000 SF
Transaction Type:Sale
The property asset involved in this transaction is an industrial facility located at 119 HP Business Dr in the San Marcos market. It encompasses a total square footage of 10,000. The transaction was completed on September 25, 2024.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 119 HP Business Dr
- Market: San Marcos
- Square Footage: 10,000
- Buyer: Edwin Buster
- Seller: Mark Smith
- Broker Representatives: Jeffery Miller & Michael Kelleher - Matthews Real Estate Investment Services
This transaction highlights the involvement of Edwin Buster as the buyer and Mark Smith as the seller. The deal was facilitated by the brokerage team of Jeffery Miller and Michael Kelleher from Matthews Real Estate Investment Services, representing the interests of the parties involved.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$96,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,395.02
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,532.92
Annual Debt Service$102,395.02
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