SOLDIndustrial
CanTex Capital Acquires Industrial Property On Oakland Street In Garland
2917 Oakland Avenue, Garland, TX, USA
Building Size
123,800 SF
Asset Type
Industrial
Closing
Jan 27, 2021
AI
The industrial property located at 2917 Oakland Street in Garland has been sold. The property spans across 123,800 square feet.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Not available
- Address: 2917 Oakland Street
- Market: Garland
- Seller: Carroll Company
- Buyer: CanTex Capital
The seller was represented by Hal Penchan and Matt Troutt from Alt+Co, while the buyer was represented by Adam Jones and James Mantzuranis from Stream Realty Partners.
Players
Garland 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