U.S. Foam Corp Sells Property In Lewisville Texas With Seller's Rep Jeremy Mojica
Sh 121, Lewisville, TX, 75067
Building Size
43,904 SF
Asset Type
Industrial
Closing
Nov 20, 2023
AI
An industrial building located at 720 E. State Highway 121 in Lewisville, Texas, has been sold. The property spans 43,904 square feet and was constructed in 1960, with an expansion occurring in 1972. The building has been under the occupation of U.S. Foam Corp. since 1991 and is situated in the Lewisville market.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Address: 720 E. State Highway 121, Lewisville, TX, 75067
- Square Footage: 43,904
- Seller: U.S. Foam Corp
- Buyer's Representative: Rich Young Jr. - Rich Young Co.
- Seller's Representative: Jeremy Mojica - Lee & Associates
Nathan Denton, alongside Jeremy Mojica, represented U.S. Foam Corp. in this transaction. The undisclosed buyer was represented by Rich Young Jr., highlighting the participation of respective brokers in the deal.
Players
Lewisville 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