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1361 W Euless Blvd Euless, ...

SOLDIndustrial

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

Brooks Trisler

EXP Realty

Broker

2 deals

Broker

Paun Peters

Corinth Land Company

Buyer

3 deals

Buyer

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