Updated Dec 4, 2024
Troy Marcus Purchases Industrial Asset At 1205 Reed Drive From Steven Victor
1205 Reed Drive
$7,700,000
$27/SF
Building Size
283,332 SF
Asset Type
Industrial
Closing
Oct 31, 2024
About this deal
AI
The property asset involved in this transaction is an industrial facility located at 1205 Reed Drive in the Lockhart market, encompassing a total square footage of 283,332. This asset is noted for its suitability for various industrial uses.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Buyer: Troy Marcus
- Seller: Steven Victor
- Brokers: Jeffery Miller & Michael Kelleher - Matthews Real Estate Investment Services
- Transaction Date: 10/31/2024
Key individuals involved in the deal include Troy Marcus, who represented the buyer, and Steven Victor, who represented the seller. The transaction was facilitated by brokers Jeffery Miller and Michael Kelleher from Matthews Real Estate Investment Services, bringing their expertise to the negotiation of the deal.
On the Map
$7,700,000
$27/SF
Industrial
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Players
Lockhart 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
2.06%
Cash-on-Cash
-0.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93