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7676 East Fm 917

Blue Mound Business Park LLC Acquires Industrial Property In Alvarado From 7710 FM Rd 917 LLC
SOLDIndustrial

Blue Mound Business Park LLC Acquires Industrial Property In Alvarado From 7710 FM Rd 917 LLC

7676 East Fm 917 & 377 Savage Lane

Building Size

105,500 SF

Asset Type

Industrial

Closing

Oct 7, 2024

AI

The property involved in this transaction is located at 7676 East Fm 917 & 377 Savage Lane, situated in the Alvarado & Aledo market. The asset type is industrial with a total square footage of 52,750. The transaction was completed between the parties involved without disclosing the transaction amount.

Summary of transaction details:

The transaction features key representatives actively involved in the deal. Shane Benner represented Blue Mound Business Park LLC in the Alvarado deal. Meanwhile, Cole Collins from Marcus & Millichap and Jake Petrie from LanCarte Commercial Real Estate represented the sellers in their respective transactions, which included the acquisition of a 19,000-square-foot office/warehouse by 4T4 Pack LLC in Aledo.

Players

Shane Benner

Bradford Commercial Real Estate Services

Broker

7 deals

Broker

Alvarado 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