IPX 1031 Investment Property Exchange Acquires Office Building On Paluxy Rd In Granbury
1308 Paluxy Rd, Granbury, TX, USA
Building Size
33,840 SF
Asset Type
Office
Closing
Feb 8, 2021
AI
Located in Granbury, the office property at 1308 Paluxy Rd has recently been sold in a transaction on February 9, 2021. The property is known as the asset type of an office, showcasing its suitability for professional purposes. The transaction involved a seller, Granbury Illusion LLC, and a buyer, IPX 1031 Investment Property Exchange Services Inc. Clint Holland from SkyWalker Property acted as the seller's representative, while Randy White served as the buyer's representative.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Date: 02/09/2021
- Address: 1308 Paluxy Rd
- Market: Granbury
Clint Holland of SkyWalker Property and Randy White played crucial roles as representatives in this deal, ensuring smooth negotiations between the seller and buyer. The specifics of the transaction, such as the sale price and square footage, were not mentioned in the information provided.
Players
Granbury 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