Dark Horse Real Estate Sells Industrial Building In College Station To 1031 Exchange Investor
5936 Imperial Loop
Building Size
14,165 SF
Asset Type
Industrial
Closing
Nov 20, 2024
AI
The property asset involved in this transaction is an industrial building located at 5936 Imperial Loop Drive in College Station’s Aggieland Business Park. The building encompasses 14,165 square feet and sits on 1.15 acres. Dark Horse Real Estate is identified as the seller, while the buyer is a 1031 exchange investor who acquired the property, which is leased long-term by Advanta Seeds.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 5936 Imperial Loop Drive
- Market: College Station
- Asset Size: 14,165 SF
- Acreage: 1.15
- Seller: Dark Horse Real Estate
- Buyer's Representatives: Bill Byrd - Colliers; Judd Harrison - KBC Advisors
- Seller's Representatives: Connor Duffy, Todd Moore & Zack Martin - Colliers
Colliers arranged the off-market sale. The transaction involved key representatives from Colliers, underscoring their role in facilitating the deal for both the buyer and seller. The representation by Bill Byrd and Judd Harrison showcases collaboration between different advisory firms and highlights the strategic involvement in managing the sale process.
Players
College Station 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