Updated Sep 9, 2024
Allison Smith Acquires Industrial Property In Jarrell, TX For $4M
250 County Road 306
$4,000,000
$124/SF
Building Size
32,225 SF
Asset Type
MultiFamily
Closing
Mar 17, 2023
About this deal
AI
An industrial property located at 250 County Road 306 in Jarrell, TX has been sold for $4,000,000. The property spans across a total area of 32,225 square feet, resulting in a price per square foot of $124. The transaction took place on March 17, 2023, with the buyer being Allison Smith and the seller being Doug Trainer.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $4,000,000
- Market: Jarrell, TX
- Address: 250 County Road 306
- Buyer: Allison Smith
- Seller: Doug Trainer
- Brokers: Michael Kelleher & Jeffery Miller - Matthews Real Estate Investment Services
- Square Footage: 32,225
- Price per Square Foot: $124
Michael Kelleher and Jeffery Miller of Matthews Real Estate Investment Services represented the buyer and seller in the transaction.
Players
Market MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93