Updated Dec 4, 2024
Clarion Partners Real Estate Income Fund Inc Acquires Industrial Property From Hunt Southwest Real Estate Development In El Paso
12590 Rojas Drive, El Paso, Texas 79936, United States
Building Size
369,310 SF
Asset Type
Industrial
Closing
Aug 15, 2022
About this deal
AI
A 369,310 square foot industrial property located at 12590 Rojas Drive in El Paso has been sold in a recent transaction. The property spans an area of 21.24 acres.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: Not provided
- Address: 12590 Rojas Drive
- Market: El Paso
The buyer of the property is Clarion Partners Real Estate Income Fund Inc, represented by Rick Schaupp. The seller is Hunt Southwest Real Estate Development, with Preston Herold serving as their representative. The transaction was facilitated by Dustin Volz from JLL Capital Markets.
On the Map
Industrial
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Players
El Paso 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