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2570 Justin Road, Highland ...

Kobalt Investment Company Acquires Mixed-Use Property In Highland Village
SOLDMixed-use

Kobalt Investment Company Acquires Mixed-Use Property In Highland Village

2570 Justin Road, Highland Village, Texas 75077, United States

Building Size

65,477 SF

Asset Type

Mixed-use

Closing

Jul 18, 2022

AI

The mixed-use property located at 2570 Justin Rd in Highland Village has been sold. The property spans a total of 65,477 square feet and sits on 6.17 acres. The transaction took place on July 19, 2022.

Summary of Transaction Details

  • Property Type: Mixed-use
  • Transaction Amount: Not available
  • Address: 2570 Justin Rd
  • Market: Highland Village
  • Size: 65,477 square feet
  • Acres: 6.17

The buyer of the property is Kobalt Investment Company, while the seller is Boulder Peak Capital, LLC. The deal was facilitated by Adam Howells, Ryan Shore, and Matthew Barge of JLL Capital Markets.

Players

Adam Howells

JLL

Broker

$30.5M

vol

16 deals

Broker
Kobalt Investment Company
Kobalt Investment CompanyBuyer

Lewisville 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