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3520 North Main Street

Sanjay Singh Sohal Purchases Industrial Asset From Kronas Development For $1.5M In Euless
SOLDIndustrial

Sanjay Singh Sohal Purchases Industrial Asset From Kronas Development For $1.5M In Euless

3520 North Main Street

$1,500,000

$75/SF

Building Size

20,000 SF

Asset Type

Industrial

Closing

Apr 11, 2025

AI

The property asset involved in the transaction is an industrial facility located at 3520 North Main Street in Euless. The asset was sold for a total price of $1,500,000, encompassing a total square footage of 20,000, which translates to a price per square foot of $75.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $1,500,000
  • Square Footage: 20,000
  • Price per Square Foot: $75
  • Buyer: Sanjay Singh Sohal
  • Seller: Kronas Development
  • Date of Transaction: 04/11/2025

The key individuals involved in the transaction are Sanjay Singh Sohal, acting as the buyer, and Kronas Development, the seller of the property. The deal reflects the engagement between these entities in the acquisition of the industrial asset situated in the Euless market.

Players

Sanjay Singh Sohal

Buyer

$13.3M

vol

3 deals

Buyer

Fort Worth 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

10.58%

Cash-on-Cash

-3.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93