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
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