Adam Abushagur & Davis Cagle Of Marcus & Millichap Acquire 26,835 SF Industrial Property In Lubbock
8209 Highway 87, Lubbock, Texas 79404, United States
Building Size
26,835 SF
Asset Type
Industrial
Closing
May 11, 2022
AI
Located at 8209 Highway 87 in Lubbock, this industrial property has recently been sold. The property spans across 26,835 square feet and sits on 2.78 acres. The transaction took place on 05/12/2022.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 8209 Highway 87
- Market: Lubbock
- Size: 26,835 square feet
- Acreage: 2.78 acres
The sale of this property was facilitated by Adam Abushagur and Davis Cagle from the brokerage firm Marcus & Millichap. They represented the parties involved in the transaction.
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