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
Fort Worth 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
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93