Updated Oct 29, 2024
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
About this deal
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.
Traded’s record for 3091 Challenger Drive, Midlothian in Midlothian, Texas covers a industrial sale from 2020. The building is 690,000 square feet, implying about 0 per square foot on the published price. Named participants on the 3091 Challenger Drive, Midlothian sale are Sean Conlon. This page is the Midlothian, Texas file for the 3091 Challenger Drive, Midlothian industrial sold: pricing, party profiles, and other closed industrial comps from the same Midlothian sit in the Market section below. Filter that Midlothian industrial set by closing date to see what else sold near 3091 Challenger Drive, Midlothian around 2020. Cite this Conlon & Co Acquires 690,000 SF Industrial Development In Midlothian sale when underwriting similar industrial product around Midlothian, Texas.
On the Map
Industrial
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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