Updated Oct 29, 2024
Cohen Asset Management Acquires Industrial Property In Wilmer, TX From Scannell Properties
1700 N. Goode Road
Building Size
698,880 SF
Asset Type
Industrial
Closing
Nov 9, 2022
About this deal
AI
An industrial property located at 1700 N. Goode Road in Wilmer, TX has been sold. The property spans approximately 698,880 square feet and sits on 37 acres. The transaction took place on 11/09/2022.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Not provided
- Address: 1700 N. Goode Road, Wilmer, TX
- Market: Wilmer, TX
- Size: 698,880 square feet
- Acres: 37
The buyer of the property is Cohen Asset Management, while the seller is Scannell Properties. Pinnacle Financial Partners served as the lender for this transaction.
On the Map
Industrial
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Hutchins 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