Brendan Conway Acquires Industrial Property In Odessa, TX For $4.01M
1220 South Faudree Road, Odessa, TX 79766
Building Size
24,000 SF
Asset Type
Industrial
Closing
Jan 21, 2022
AI
A 24,000 square foot industrial property located at 1220 South Faudree Road in Odessa, TX has been sold. The sale took place on January 21, 2022. The property was listed for an asking price of $4,011,000.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $4,011,000
- Market: Odessa, TX
- Address: 1220 South Faudree Road
The buyer was represented by Brendan Conway from Horvath & Tremblay, while the seller was represented by Davis Cagle from Marcus & Millichap.
Players
Odessa 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