Updated Oct 28, 2024
ML Realty Partners Acquires 153,150 SF Industrial Property In Denton, Texas
2340 I 35 W, Denton, Texas 76207, United States
Building Size
153,150 SF
Asset Type
Industrial
Closing
Feb 28, 2022
About this deal
AI
Matthew Smith of ML Realty Partners has acquired an industrial property located at 2340 I-35 West Service Road in Denton. The property has a total square footage of 153,150 and was sold on 03/01/2022. Nathan Lawrence and Krista Raymond of CBRE represented both the buyer and the seller in this transaction.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not provided
- Address: 2340 I-35 West Service Road, Denton
- Market: Denton
- Buyer: ML Realty Partners - Matthew Smith
- Brokers: Nathan Lawrence & Krista Raymond - CBRE
This acquisition marks an important move for Matthew Smith of ML Realty Partners in the industrial property market in Denton. The specific terms and value of the transaction were not provided in the available information, but the involvement of CBRE brokers Nathan Lawrence and Krista Raymond suggests a professional representation for both the buyer and the seller.
On the Map
Industrial
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Players
Denton 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