Tan Ali Master Acquires Industrial Property In Royse City For $Undisclosed
1303 Industrial Drive, Royse City, TX, USA
Building Size
13,000 SF
Asset Type
Industrial
Closing
Nov 4, 2021
AI
An industrial property located at 1303 Industrial Drive in Royse City has been sold. The property spans 1.87 acres and offers a total square footage of 13,000. The transaction took place on November 4, 2021.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 1303 Industrial Drive, Royse City
- Market: Royse City
- Acres: 1.87
- Square Footage: 13,000
Tan Ali Master from Rockwall is the buyer of the industrial property. The seller is Kendall Acquisition Co. The deal was facilitated by the following brokers: Dan Spika and Lance Woodward from Henry S. Miller Brokerage, along with Judy Kurtz from Ridge Point Commercial Real Estate.
Players
Royse City 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