Michael Sorrell Acquires Industrial Property On 376 Eagle Ford Drive Pleasanton
376 Eagle Ford Drive
Building Size
10,000 SF
Asset Type
Industrial
Closing
Sep 15, 2023
AI
Jeffery Miller and Michael Kelleher represented both the buyer and the seller in a recent property transaction in Pleasanton. The industrial property located at 376 Eagle Ford Drive was sold for an undisclosed amount. With a size of 10,000 square feet, this property offers a valuable asset for the buyer, Michael Sorrell.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Undisclosed
- Address: 376 Eagle Ford Drive, Pleasanton
- Market: Pleasanton
- Representatives: Jeffery Miller & Michael Kelleher - Matthews Real Estate Investment Services
This transaction was facilitated by the brokering expertise of Jeffery Miller and Michael Kelleher from Matthews Real Estate Investment Services. They played integral roles in ensuring a successful deal between the buyer, Michael Sorrell, and the seller, David McBurnett.
Players
Pleasanton 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