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
Palestine Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
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