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
Lewisville 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