Updated Oct 25, 2024
Nader Mezher Acquires Industrial Property In Midland, TX For $1.2M
3201 E Loop 250 N Midland, TX 79705, USA
$1,200,000
$84/SF
Building Size
14,200 SF
Asset Type
Industrial
Closing
Jul 26, 2023
About this deal
AI
A industrial property located at 3201 East Loop 250 North in Midland, TX has been sold. The property spans 14,200 square feet and was sold at a price of $1,200,000, resulting in a price per square foot of $85.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $1,200,000
- Square Footage: 14,200
- Price per Square Foot: $85
- Location: 3201 East Loop 250 North, Midland, TX
Nader Mezher served as the buyer in this transaction, while Kenneth Cook represented the seller.
Players
Texas 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
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93