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10885 Dyer Street, El Paso,...

Duke Dennis Secures $13.5M Loan For Industrial & Retail Properties In El Paso, Waco, Fort Worth, Austin & Arlington
FINANCEDMixed-use

Duke Dennis Secures $13.5M Loan For Industrial & Retail Properties In El Paso, Waco, Fort Worth, Austin & Arlington

10885 Dyer Street, El Paso, Texas 79934, United States

$13,500,000

Building Size

Asset Type

Mixed-use

Closing

Feb 1, 2022

AI

An industrial and retail property located at 10885-11135 Dyer Street, 600 North Valley Mills, 6500 Northwest Loop 820, 165 Hargraves Drive, and 450 Matlock Road has recently been involved in a transaction. The loan amount for this transaction was $13,500,000. The transaction took place in El Paso, Waco, Fort Worth, Austin, and Arlington, representing a diverse market.

Summary of transaction details

  • Property Type: Industrial & Retail
  • Loan Amount: $13,500,000
  • Market: El Paso, Waco, Fort Worth, Austin, Arlington
  • Broker: Duke Dennis - Marcus & Millichap Capital Corporation

Duke Dennis, a representative from Marcus & Millichap Capital Corporation, played a crucial role in facilitating this transaction. The deal involved multiple properties in different locations, highlighting the market reach of the transaction. The loan amount of $13,500,000 further emphasizes the significant nature of this transaction.

Players

Duke Dennis

Marcus & Millichap

Broker

$67.8M

vol

8 deals

Broker

El Paso Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.18%

Cash-on-Cash

-0.34%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93