CBRE Global Investors Acquires Industrial Property In Southlake From Holt Lunsford Commercial Investments
415 Bank Street, Southlake, TX, USA
Building Size
182,129 SF
Asset Type
Industrial
Closing
Aug 17, 2021
AI
Holt Lunsford Commercial Investments has sold an industrial property in Southlake located at 415, 419, and 423 Bank St. The property spans a total of 182,129 square feet.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 415, 419, & 423 Bank St
- Market: Southlake
- Square Footage: 182,129
CBRE Global Investors has acquired the property from Holt Lunsford Commercial Investments. The deal was facilitated by the brokers Dustin Volz, Stephen Bailey, Dom Espinosa, Matthew Barge, and Wesley Gilmer from JLL.
Players
Southlake 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93