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
Justin 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