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7011 Zenith Avenue

Capital Real Estate Investments Acquires Industrial Property In Lubbock, TX
SOLDIndustrial

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

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:

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.

Players

Todd Moore

Colliers

Broker

19 deals

Broker
Troup Rolland
Verified Badge

Troup Rolland

Capital Real Estate Commercial⁠

Broker

$8.2M

vol

26 deals

Broker
CI
Capital Real Estate InvestmentsBuyer

Lubbock Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

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