Harbor Capital Acquires 606000 SF Industrial Asset In Denton TX With Brokers Steven Pollan Joseph Ash Joseph Kassin And Morris Sutton
Building Size
606,000 SF
Asset Type
Industrial
Closing
Aug 29, 2024
AI
The property asset involved in this transaction is located at 20-Building Corbin Industrial Park in Denton, TX. This industrial asset spans a total square footage of 606,000. Harbor Capital is the buyer of this property.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Address: 20-Building Corbin Industrial Park
- Market: Denton, TX
- Asset Size: 606,000 SF
- Buyer: Harbor Capital
- Broker Representatives: Steven Pollan, Joseph Ash, Joseph Kassin, and Morris Sutton - KSR
- Date: 08/29/2024
The brokers representing the transaction are Steven Pollan, Joseph Ash, Joseph Kassin, and Morris Sutton from KSR. Their involvement highlights the professional support behind the acquisition by Harbor Capital within the industrial sector.
Players
Arlington 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