Adam Abushagur & Davis Cagle Of Marcus & Millichap Sell Amarillo & McAllen Industrial Property
309 North Garfield Street, Amarillo, Texas 79107, United States
Building Size
23,951 SF
Asset Type
Industrial
Closing
Jun 8, 2022
AI
The industrial property located at 309 North Garfield Street and 6613 South 27th Street has been sold in a transaction in the Amarillo and McAllen markets. The property spans 23,951 square feet and sits on 2.59 acres. The sale was facilitated by brokers Adam Abushagur and Davis Cagle of Marcus & Millichap.
Summary of transaction details
- Property Type: Industrial
- Square Footage: 23,951
- Acres: 2.59
- Market: Amarillo & McAllen
The sale of this industrial property was successfully completed with the assistance of Adam Abushagur and Davis Cagle from Marcus & Millichap. Their expertise and guidance played a crucial role in facilitating the transaction.
Players
Amarillo 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