Updated Oct 8, 2026
Justin Grissen & Andy Crosland Of Kobalt Investment Company Sell Medical Office In Temple & Belton For $31.545M
6684 West Adams Avenue, 1009 Arbor Park Drive & 1001 Arbor Park Drive
Building Size
9,495 SF
Asset Type
Medical Office
Closing
Sep 30, 2026
About this deal
AI
The property involved in the transaction is a Medical Office totaling 31,545 square feet, located at 6684 West Adams Avenue, 1009 Arbor Park Drive & 1001 Arbor Park Drive. The transaction occurred within the Temple & Belton market.
Summary of transaction details:
- Property Type: Medical Office
- Transaction Amount: Not specified
- Square Footage: 31,545
- Address: 6684 West Adams Avenue, 1009 Arbor Park Drive & 1001 Arbor Park Drive
- Market: Temple & Belton
- Seller: Justin Grissen & Andy Crosland - Kobalt Investment Company
Justin Grissen and Andy Crosland represented Kobalt Investment Company as the seller in this transaction. No additional details about the buyer or other parties involved in the transaction are provided.
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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