Private Investment Group Acquires 14,150 SF Net Lease Property With Takeda Pharmaceuticals Guarantee In Harker Heights, Texas
875 West Central Texas Expressway
Building Size
14,150 SF
Asset Type
Office
Closing
Sep 11, 2023
About this deal
AI
Marcus & Millichap has sold a 14,150-square-foot net lease property in Harker Heights, Texas. The property, located at 875 West Central Texas Expressway, was sold to a private investment group. The transaction involved a triple net lease and a guarantee from Takeda Pharmaceuticals.
Summary of transaction details
- Property Type: Office
- Transaction Amount: N/A
- Square Footage: 14,150
- Address: 875 West Central Texas Expressway
- Market: Harker Heights
The sale of this net lease property was facilitated by brokers Austin Weisenbeck, Sean R. Sharko, and Daniel Chumbley from Marcus & Millichap. Their expertise and negotiation skills played a key role in finalizing the deal.
Players
Harker Heights Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Deal FAQ
Browse Harker Heights office sales on Traded.
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