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Matthews Real Estate Services Sells Industrial Portfolio In Kilgore TX With Jack Lenihan & Kyler Bean As Brokers

Property Image
SOLD
$3,700,000
Jack Lenihan
Kyler Bean

Texas

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Industrial50,000 SF
Sold 06/16/2020
the dealplayerscompscontact
Property Image
SOLD

Matthews Real Estate Services Sells Industrial Portfolio In Kilgore TX With Jack Lenihan & Kyler Bean As Brokers

1436 FM 1252 W, Kilgore, TX, USA

See Similar Deals
Industrial50,000 SF
Sold 06/16/2020
Jack Lenihan
Kyler Bean
the dealplayerscompscontact
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Summary

TEXAS
Asset Type:Industrial
Price Per Square Foot:$74
Total Square Footage:50,000 SF
Transaction Type:Sale

A portfolio of three single tenant industrial buildings located at 1436 FM 1252 in Kilgore has been sold for $3,700,000. The buildings range in size from 14,400 to 17,800 square feet and were all built within the last 10 years. The properties were fully leased, with remaining lease terms ranging from 2 to 5 years NN. The sale closed within 2 months of listing, achieving 95% of the asking price at an 8.5% cap rate.

Summary of Transaction Details

  • Property Type: Industrial
  • Transaction Amount: $3,700,000
  • Market: Kilgore
  • Address: 1436 FM 1252
  • Square Footage: 50,000
  • Price per Square Foot: $74
  • CAP Rate: 8.5%

The sale was facilitated by Jack Lenihan & Kyler Bean from Matthews Real Estate Services. Their representation ensured a successful transaction for all parties involved.

Players

Kyler Bean
Matthews
Kyler Bean
3 deals$25.1M volume
BROKER
Jack Lenihan
Matthews
Jack Lenihan
2 deals$48.5M volume
BROKER

Details

SOLD
IMAGE: Jack Lenihan & Kyler Bean DATE: 06/16/2021 ADDRESS: 1436 FM 1252 MARKET: Kilgore ASSET TYPE: Industrial BROKERS: Jack Lenihan & Kyler Bean (@Kylord93) - Matthews Real Estate Services ASKING PRICE: $3,700,000 SF: 50,000 ~ PPSF: $74 CAP: 8.5% NOTE: Portfolio sale consisted of 3 single tenant industrial buildings. Ranging from 14,400-17,800 sf, all 3 buildings were built within the last 10 years and were fully leased with remaining terms ranging from 2-5 years NN. Closed within 2 months of listing within 5% of list price at an 8.5% cap.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$197,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$13,145.33
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,539.89
Annual Debt Service$210,478.65