SOLDIndustrial
Conlon & Co Acquires 690,000 SF Industrial Development In Midlothian
3091 Challenger Drive, Midlothian
Building Size
690,000 SF
Asset Type
Industrial
Closing
Nov 10, 2020
AI
A 690,000 square-foot industrial development located at 3091 Challenger Drive in Midlothian has been sold. The transaction took place on November 11, 2020.
Summary of transaction details
- Property Type: Industrial Development
- Transaction Amount: Not specified
- Market: Midlothian
- Buyer: Conlon & Co – Sean Conlon
Conlon & Co, represented by Sean Conlon, acquired the industrial property. Additional details about the transaction were not provided.
Players
Midlothian 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