Updated Dec 21, 2023
Plasenica Family Sells Industrial Property In Richmond For $Undisclosed
5927 FM 2218 Road, Richmond, TX, USA
Building Size
4,350 SF
Asset Type
Industrial
Closing
Jun 19, 2020
About this deal
AI
An industrial property located at 6007 & 5927 FM 2218 Road in Richmond has recently been sold. The transaction took place on June 19, 2021. The property, spanning 4,350 square feet and sitting on 10.46 acres, was acquired by an undisclosed buyer.
Summary of transaction details:
- Property Type: Industrial
- Transaction Date: June 19, 2021
- Address: 6007 & 5927 FM 2218 Road, Richmond
- Square Footage: 4,350
- Acreage: 10.46
Taylor Schmidt of Lee & Associates represented the buyer in this transaction. The seller, the Plasenica Family, enlisted Taylor Schmidt's services to facilitate the sale of the property.
Players
Richmond 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