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22 Steel Rd Wylie, Tx 75098...

Marcus & Millichap Sells 17,501-SF Industrial Facility In Wylie, Texas
SOLDIndustrial

Marcus & Millichap Sells 17,501-SF Industrial Facility In Wylie, Texas

22 Steel Rd Wylie, Tx 75098, Usa

Building Size

17,501 SF

Asset Type

Industrial

Closing

Aug 1, 2023

AI

Marcus & Millichap announced the sale of 22 Steel Road, a 17,501-square-foot multi-tenant industrial facility in Wylie, Texas.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not provided
  • Square Footage: 17,501
  • Address: 22 Steel Road, Wylie, Texas

The sale of 22 Steel Road generated significant interest, with Marcus & Millichap receiving 11 bids from potential buyers. In addition to facilitating the transaction, Marcus & Millichap's brokers, Tyler Sharp, Davis Cagle, and Ricardo Camarena, also assisted the buyer in securing a loan from Marcus & Millichap Capital Corporation. Tyler Ranft represented Marcus & Millichap Capital Corporation as the mortgage broker in the deal.

Players

Davis Cagle

Marcus & Millichap

Broker

16 deals

Broker

Texas 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