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Sh 121, Lewisville, TX, 75067

U.S. Foam Corp Sells Property In Lewisville Texas With Seller's Rep Jeremy Mojica
SOLDIndustrial

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

Rich Young Jr

Rich Young Company

Broker

12 deals

Broker
Cushman & Wakefield
Cushman & WakefieldBrokerage

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