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5936 Imperial Loop

Dark Horse Real Estate Sells Industrial Building In College Station To 1031 Exchange Investor
SOLDIndustrial

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:

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

Todd Moore

Colliers

Broker

19 deals

Broker

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