Updated Dec 4, 2024
Capital Real Estate Investments Acquires Industrial Property In Lubbock, TX
7011 Zenith Avenue
Building Size
12,432 SF
Asset Type
Industrial
Closing
Dec 22, 2023
About this deal
AI
The industrial property located at 7011 Zenith Avenue in Lubbock has been sold in a recent transaction. The property spans 12,432 square feet and is categorized as an industrial asset.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 7011 Zenith Avenue
- Market: Lubbock
- Buyer: Capital Real Estate Investments
- Buyer's Representative: Troup Rolland - Capital Real Estate Commercial
- Seller's Representatives: Trey Horne, Todd Moore, and Connor Duffy - Colliers International
The buyer in this transaction is Capital Real Estate Investments. They were represented by Troup Rolland from Capital Real Estate Commercial. On the other side, the seller was represented by Trey Horne, Todd Moore, and Connor Duffy, who are associated with Colliers International.
On the Map
Industrial
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Players
Lubbock 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