Corinth Land Company Acquires Fully Leased Highway 10 Business Center In Euless, Texas
1361 W Euless Blvd Euless, TX 76040, USA
Building Size
32,000 SF
Asset Type
Industrial
Closing
Jun 14, 2023
AI
The fully leased Highway 10 Business Center in Euless, Texas has been acquired by Corinth Land Company, presenting an expansion opportunity in the area. The industrial flex complex consists of three buildings spanning 32,000 square feet, and is situated on a 4.4-acre plot. One of the tenants includes a retail restaurant, Fuzzy's Taco Shop.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: N/A
- Address: 1361 West Euless Boulevard
- Market: Euless
- Square Footage: 32,000 SF
- Acres: 4.4
Corinth Land Company, represented by Paun Peters, facilitated the acquisition of the Highway 10 Business Center. The deal was brokered by Brooks Trisler and Danny Peters of i-Lead® Realty Group and eXp Realty.
Players
Texas 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