Ryon Real Estate Investment Services Facilitates $7M STNL Office Sale In Argyle
125 East Fm 407, Argyle, Texas 76226, United States
Building Size
24,000 SF
Asset Type
Office
Closing
Jul 6, 2022
About this deal
AI
Located in Argyle's market, this office property at 125 FM 407 has recently been sold. The transaction, represented by Matt Ryon from Ryon Real Estate Investment Services, was closed on 07/07/2022. The property spans across 24,000 square feet and was listed for sale with an asking price of $7,000,000.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $7,000,000
- Address: 125 FM 407
- Market: Argyle
- Asset Type: Office
- Square Footage: 24,000
This STNL (single-tenant, net-leased) office sale had a net operating income (NOI) of $372,000. With approximately 5 years remaining on the lease, the transaction was successfully facilitated by Matt Ryon, representing both the buyer and the seller.
Players
Argyle Office Market Snapshot
Boundary boundary · Office · 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