Tenth Man Ventures Acquires Mixed-Use Property In Sherman From Seller Mabro Partners And Broker Chris Janowski
2156 Fallon Drive
Building Size
4,082,879 SF
Asset Type
Mixed-use
Closing
Mar 13, 2023
AI
Located at 2156 Fallon Drive in Sherman, this mixed-use property spanning 94 acres has been sold in a recent transaction. The property offers a versatile space that can accommodate various uses, making it an attractive investment opportunity.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: Not specified
- Address: 2156 Fallon Drive
- Market: Sherman
- Acres: 94
Tenth Man Ventures, represented by Imtiaz Syed, emerged as the buyer of this expansive property. On the other side, Mabro Partners, represented by Garrett Vogel, acted as the seller in this transaction. Facilitating this deal was Chris Janowski of Venture Land Group, who served as the broker in the negotiation. The involvement of these key individuals and companies played a crucial role in the successful completion of this sale.
Players
Market Mixed-use Market Snapshot
Boundary boundary · Mixed-use · 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