SOLDIndustrial
Cristina Virgilio Of EQT Exeter Buys Industrial Asset In Denton, TX
Building Size
802,825 SF
Asset Type
Industrial
Closing
Apr 2, 2024
AI
The industrial property located at Loop 288 & US 380 in Denton, TX spans 802,825 square feet. The transaction involved the sale of this industrial asset.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Buyer: Cristina Virgilio - EQT Exeter
- Seller: Paul Smith - Velocis; Tony Creme - KBC
- Brokers: Anna Josephson, Bo Mills & Walker Delaney - KBC Advisors
The deal was facilitated by brokers Anna Josephson, Bo Mills, and Walker Delaney from KBC Advisors, representing the respective buyer and sellers in the transaction.
Players
Market 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