KKR Acquires 58 Acres Of Industrial Land In Lancaster From Barings
2821 Danieldale Road, Lancaster, Texas 75134, United States
Building Size
1,000,000 SF
Asset Type
Industrial
Closing
Aug 9, 2022
AI
The industrial property located at 2821 & 2935 Danieldale Road in Lancaster has been sold. The transaction took place on August 10, 2022, with the property being acquired for a price of $1,000,000. The property spans over an area of 58 acres.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $1,000,000
- Property Size: 58 acres
- Location: 2821 & 2935 Danieldale Road, Lancaster
The buyer of the property is KKR, represented by Joseph Bae. On the other hand, the seller is Barings.
Players
Lancaster 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