Ry-Co. LLC Purchases Industrial Property In Longview, Texas
440 North Eastman Road, Longview, Texas 75601, United States
Building Size
25,000 SF
Asset Type
Industrial
Closing
Jul 4, 2022
AI
440 N. Eastman Rd in Longview has been sold in a recent industrial property transaction. The property, spanning 25,000 square feet and situated on 4.1 acres, was the focus of this sale.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 440 N. Eastman Rd
- Market: Longview
- Size: 25,000 square feet
- Acreage: 4.1 acres
Ry-Co. LLC emerged as the buyer in this deal, while GiGi Properties of Longview LLC acted as the seller. Representing the buyer in the transaction were Jason Finch and Noah Dodge from Bradford Commercial Real Estate Services.
Players
Longview 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