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TX-256 Loop & W Reagan St, ...

Callizo Aromas Acquires 77-Acre Industrial Property In Palestine From Tom Clamon & Baylor University
SOLDIndustrial

Callizo Aromas Acquires 77-Acre Industrial Property In Palestine From Tom Clamon & Baylor University

TX-256 Loop & W Reagan St, Palestine, TX 75801, USA

Building Size

36,119 SF

Asset Type

Industrial

Closing

Sep 7, 2022

AI

An industrial property located at TX-256 Loop & W Reagan St in Palestine, TX has been sold. The property spans across 77 acres and has a total area of 36,119 square feet. The transaction took place on 09/08/2022.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: N/A

Callizo Aromas has acquired the property from the seller, Tom Clamon & Baylor University. The buyer was represented by Judy Beebe & Blake Gibson from Colliers, while Steve Demuth & Ray Ver Hey from Staples Commercial Group represented the seller in the transaction.

Players

Blake Gibson

Colliers

Broker

3 deals

Broker

Palestine 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