STAG Industrial Acquires Industrial Properties In El Paso And Santa Teresa For 326,166 SF
9494 Escobar Drive, El Paso, Texas 79907, United States
Building Size
326,166 SF
Asset Type
Industrial
Closing
Aug 16, 2022
AI
An industrial property located at 9494 Escobar Drive, 150 Earhardt Way, 9555 Plaza Circle, and 9571 Pan American Drive has been sold in a transaction in El Paso, Texas, and Santa Teresa, N.M. The property spans a total area of 326,166 square feet.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Not specified
- Market: El Paso, Texas and Santa Teresa, N.M
The buyer of the property is STAG Industrial, represented by Benjamin Butcher. On the other hand, Blue Road Investments, led by Joe Zingaro, acted as the seller in the transaction. JLL Capital Markets served as the broker for this deal.
Players
El Paso 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