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1230 West State Highway 114...

Cohen Asset Management Acquires Industrial Property In Roanoke From Seller Provident Realty Advisors
SOLDIndustrial

Cohen Asset Management Acquires Industrial Property In Roanoke From Seller Provident Realty Advisors

1230 West State Highway 114, Roanoke, Texas 76262, United States

Building Size

568 SF

Asset Type

Industrial

Closing

Oct 13, 2022

AI

A 568,632 square foot industrial property located at 1230 W Highway 114 in Roanoke has been sold. The property sits on 68.6 acres of land.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Market: Roanoke
  • Address: 1230 W Highway 114
  • Square Footage: 568,632
  • Acres: 68.6

The buyer of the property is Cohen Asset Management. The seller is Provident Realty Advisors, represented by John Bunten. The deal was facilitated by brokers Dustin Volz, Stephen Bailey, Dom Espinosa, Zach Riebe, and Matthew Barge from JLL Capital Markets. The transaction was completed on October 13, 2022.

Players

Stephen Bailey

Newmark

Broker

$323.3M

vol

48 deals

Broker
Charles Cohen

Charles Cohen

Cohen Asset Management

Buyer

$1.1B

vol

23 deals

Buyer
Provident Realty Advisors
Provident Realty AdvisorsSeller

Justin 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