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:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Buyer: Blue Mound Business Park LLC & 4T4 Pack LLC
- Seller: 7710 FM Rd 917 LLC & BAFA LLC
- Buyer's Representative: Shane Benner - Bradford Commercial Real Estate Services
- Seller's Representatives: Cole Collins - Marcus & Millichap; Jake Petrie - LanCarte Commercial Real Estate
- Additional Information: Bradford Commercial Real Estate Services closed two light-industrial acquisitions in Johnson and Parker counties, following a recent interest rate cut.
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
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