Updated Oct 29, 2024
Kent & Ramy Jisha Acquire Industrial Property In Amarillo From Second Generation Properties LLC
6811 Mack Road, Amarillo, Texas 79118, United States
Units
72
Asset Type
Industrial
Closing
Jan 30, 2023
About this deal
AI
An industrial property with 72 units located at 6811 Mack Rd in Amarillo has been sold in a recent transaction. The deal was finalized on 01/30/2023, and the property was purchased by Kent & Ramy Jisha from Second Generation Properties LLC. The property was represented by brokers Bill Bellomy, Michael Johnson, Logan Foster, and Hugh Horne from Versal.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 6811 Mack Rd
- Market: Amarillo
- Units: 72
The industrial property, consisting of 72 units, located at 6811 Mack Rd in Amarillo, was sold in a transaction completed on 01/30/2023. The buyers, Kent & Ramy Jisha, acquired the property from Second Generation Properties LLC. The sale was facilitated by brokers Bill Bellomy, Michael Johnson, Logan Foster, and Hugh Horne from Versal.
Players
Amarillo Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Deal FAQ
Browse Texas industrial sales on Traded.
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