Lee & Associates Arranges Sale Of Industrial Building In Rowlett, Texas
5201 Grisham Dr, Rowlett, TX, 75088
Building Size
21,400 SF
Asset Type
Industrial
Closing
Nov 22, 2023
AI
The sale involves a 21,400-square-foot industrial building located at 5201 Grisham Drive in Rowlett, an eastern suburb of Dallas. The property was sold by Favcon Partners, with Taylor Stell, Brett Lewis, and George Tanghongs of Lee & Associates representing the seller in the transaction.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not Disclosed
- Address: 5201 Grisham Dr, Rowlett, TX, 75088
- Market: Rowlett
- Seller's Representative: Taylor Stell (Lee & Associates)
- Buyer: Unknown
- SF: 21400
The sale of the industrial building at 5201 Grisham Drive was facilitated by Taylor Stell, Brett Lewis, and George Tanghongs of Lee & Associates. The buyer's identity remains undisclosed in the transaction details.
Players
Rowlett 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