Updated Oct 29, 2024
Private Investor Acquires Property At 1671 Riverview Dr The Colony Texas With Seller's Rep Adam Abushagur
1671 Riverview Dr, The Colony, TX, 7...
Building Size
46,250 SF
Asset Type
Industrial
Closing
Jan 2, 2020
About this deal
AI
The property involved in the transaction is a 46,250-square-foot industrial building known as Riverview Business Center, located at 1671 Riverview Drive in The Colony, Texas. The building was constructed in 2006 and underwent renovations in 2010. It is situated on a four-acre parcel.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Address: 1671 Riverview Dr, The Colony, TX
- Market: The Colony
- Seller's Representative: Adam Abushagur - Marcus & Millichap
- Buyer: Private Investor
- Seller: Private Investor
- Square Footage: 46,250
Adam Abushagur of Marcus & Millichap’s Dallas office represented the seller in this transaction and also procured the buyer, a private investor based in California who utilized the 1031 program.
The Colony 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