Updated Dec 21, 2023
Google Acquires Industrial Property In Red Oak, Ellis County For $600M
East Ovilla Road
$600,000,000
$36/SF
Building Size
16,335,000 SF
Asset Type
Industrial
Closing
May 5, 2020
About this deal
AI
The industrial property located at East Ovilla Road & North Central Boulevard in Red Oak, Ellis County has been sold in a closed transaction. The property spans 16,335,000 square feet (SF) and was purchased by Google. The sale price for this asset was $600,000,000, resulting in a price per square foot (PPSF) of $36.69.
Summary of Transaction Details:
- Property Type: Industrial
- Transaction Amount: $600,000,000
- SF: 16,335,000
- PPSF: $36.69
- Buyer: Google
This significant transaction involved Google's acquisition of the industrial property at East Ovilla Road & North Central Boulevard. The details include the sale price of $600,000,000, the total area of 16,335,000 square feet, and a price per square foot of $36.69. The buyer, Google, made this notable investment in the industrial market.
Players
Red Oak 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
0.03%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93