SOLDOffice
Marcus & Millichap Sells Office Building In Wichita Falls For $Undisclosed Amount
4245 Kemp Boulevard, Wichita Falls, TX 76308, USA
Building Size
124,356 SF
Asset Type
Office
Closing
Mar 17, 2021
AI
A 124,356 square foot office property located at 4245 Kemp Boulevard in Wichita Falls has been sold. The transaction took place on March 18, 2021. The property, situated on 3.5 acres of land, was acquired through a sale.
Summary of transation details
- Property Type: Office
- Transaction Amount: Not specified
- Address: 4245 Kemp Boulevard
- Market: Wichita Falls
- Square Footage: 124,356
- Acres: 3.5
The sale was facilitated by Joseph Jacques from Marcus & Millichap, serving as the broker for the deal.
Players
Wichita Falls 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