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2340 I 35 W, Denton, Texas ...

ML Realty Partners Acquires 153,150 SF Industrial Property In Denton, Texas
SOLDIndustrial

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

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.

Players

Krista Raymond

KBC Advisors

Broker

6 deals

Broker

Matthew Smith

ML Realty Partners

Buyer

4 deals

Buyer

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