Updated Oct 28, 2024
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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Deal FAQ
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