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1308 Paluxy Rd, Granbury, T...

IPX 1031 Investment Property Exchange Acquires Office Building On Paluxy Rd In Granbury
SOLDOffice

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

Randy White

Broker

2 deals

Broker
II
IPX 1031 Investment Property Exchange Services IncBuyer

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