Updated Nov 27, 2024
DRA Advisors Acquires 210K SF Industrial (Cold Storage) In McAllen, TX
6800 South International Parkway, McAllen, TX, USA
Building Size
210,000 SF
Asset Type
Industrial
Closing
May 14, 2020
About this deal
AI
The off-market sale of a 210,000 square foot industrial property located at 6800 South International Parkway in McAllen, TX has been completed. The asset, classified as an industrial (cold storage) facility, was sold on 05/14/2021.
Summary of transaction details:
- Property Type: Industrial (Cold Storage)
- Transaction Amount: Not specified
- Address: 6800 South International Parkway, McAllen, TX
- Market: McAllen, TX
- Buyer: DRA Advisors
- Seller: Not specified
The deal was facilitated by Donald Flynn, representing both the Purchaser and Seller in this off-market transaction. Donald Flynn is associated with Elegran Capital & Advisory.
Players
McAllen 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