CBRE Represents Seller In Sale Of 61,000 SF Industrial Property In Sherman
2709 Fallon Dr Sherman, TX 75090, USA
Building Size
61,000 SF
Asset Type
Industrial
Closing
Aug 11, 2023
AI
The industrial property located at 2709-2717 Fallon Drive in Sherman has been recently sold. The property spans approximately 61,000 square feet and is situated in the Sherman market.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Not specified
- Seller's Representative: Johnny Dunn, Michael Austry & Jared Aubrey - CBRE
The sale of this industrial property was facilitated by Johnny Dunn, Michael Austry, and Jared Aubrey from CBRE. They acted as the seller's representatives in this transaction, but no additional information regarding the sale price or any other specific details have been provided.
Players
Sherman 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