SOLDIndustrial
Lovett Industrial Acquires 14 Acres Of Industrial Land In Dallas/Fort Worth From Betty Bowie
19205 Lyndon B Johnson Fwy Mesquite, TX 75150, USA
Building Size
—
Asset Type
Industrial
Closing
Apr 28, 2023
AI
Lovett Industrial has acquired a 14-acre industrial land located at 19205 Lyndon B Johnson Freeway in Dallas/Fort Worth. The property was sold by Betty Bowie. The transaction took place on 04/28/2023.
Summary of transaction details
- Property Type: Industrial Land
- Transaction Amount: Not specified
- Address: 19205 Lyndon B Johnson Freeway
- Market: Dallas/Fort Worth
- Buyer: Lovett Industrial
- Seller: Betty Bowie
- Buyer's Representative: Alex Wilson, Nathan Denton & Reid Bassinger - Lee & Associates
- Asset Type: Industrial Land
- Acres: 14
Alex Wilson, Nathan Denton & Reid Bassinger from Lee & Associates represented Lovett Industrial in this transaction.
Players
Texas Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
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