Capital Real Estate Investments Acquires Industrial Asset In Killeen From Jack Schubert
2600 East Elms Road
Building Size
27,500 SF
Asset Type
Industrial
Closing
Oct 17, 2024
AI
The property asset involved in this transaction is an industrial space located at 2600 East Elms Road in Killeen. The total square footage of the asset is 27,500. This acquisition adds to the strategic portfolio of Capital Real Estate Investments.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Buyer: Capital Real Estate Investments
- Seller: Jack Schubert
- Buyer's Representative: Troup Rolland, Matt Cooper, Blake Deer, and Carson Deer - Capital Real Estate Commercial
- Seller's Representative: Robert McGee and Austin Bartula - Lee & Associates
- Date of Transaction: 10/17/2024
This transaction involved key representatives from both the buyer and seller sides. The buyer was represented by Troup Rolland, Matt Cooper, Blake Deer, and Carson Deer, all part of Capital Real Estate Commercial, while the seller was represented by Robert McGee and Austin Bartula from Lee & Associates. Their collaborative efforts contributed to the successful closing of this deal.
Players
Killeen 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