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
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