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2156 Fallon Drive

Tenth Man Ventures Acquires Mixed-Use Property In Sherman From Seller Mabro Partners And Broker Chris Janowski
SOLDMixed-use

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

Chris Janowski

Duwest Realty

Broker

10 deals

Broker

Market Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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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