Updated Dec 4, 2024
BE Plastics Inc Sells 16,000 SF Industrial Building In Cleveland, TX
Building Size
16,000 SF
Asset Type
Industrial
Closing
Mar 13, 2024
About this deal
AI
An industrial building spanning 16,000 square feet located at 2024 County Road 388 in Cleveland, TX, was recently sold in a transaction brokered by Oxford Partners. The property was acquired by an undisclosed buyer, with Matt Rogers acting as the seller's representative on behalf of BE Plastics Inc. Tim Larson of KW Commercial served as the buyer's representative in the deal.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not Disclosed
- Address: 2024 County Road 388
- Market: Cleveland
- Asset Type: Industrial
- Square Footage: 16,000
- Seller: BE Plastics Inc
- Buyer's Representative: Tim Larson - KW Commercial
- Seller's Representative: Matt Rogers - Oxford Partners
Oxford Partners facilitated the sale, with Matt Rogers representing the seller, BE Plastics Inc. Tim Larson from KW Commercial played a vital role as the undisclosed buyer's representative in the transaction.
Players
Market 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