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NEC Highway 5 & Outer Loop,...

Updated Oct 28, 2024

PC5 Properties Acquires 82-Acre Industrial Site In Anna, Texas
SOLDIndustrial

PC5 Properties Acquires 82-Acre Industrial Site In Anna, Texas

NEC Highway 5 & Outer Loop, Anna, TX 75409

Building Size

Asset Type

Industrial

Closing

May 8, 2022

About this deal

AI

An 82-acre industrial property located at the NEC Highway 5 and Outer Loop in Anna has been sold. The transaction was completed on May 9, 2022. The property, represented by Joey Grisham in an image shared on Instagram, was purchased by PC5 Properties. The seller of the property was Anna Economic Development Corp. and the Anna Community Development Corp.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Date: 05/09/2022
  • Address: NEC Highway 5 & Outer Loop, Anna
  • Market: Anna
  • Acres: 82

Joey Grisham, who shared the image on Instagram, represented the property in the transaction. On the buyer's side, PC5 Properties acquired the property. The seller of the property was Anna Economic Development Corp. and the Anna Community Development Corp.

Players

Anna 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

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