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142 Mccormick Road

Russel Wehsener Of The Woodmont Company Represents Buyer In Sale Of Oak Point School Building
SOLDSchool

Russel Wehsener Of The Woodmont Company Represents Buyer In Sale Of Oak Point School Building

142 Mccormick Road

Building Size

10,472 SF

Asset Type

School

Closing

Feb 24, 2025

AI

A school property located at 142 Mccormick Road has been sold in the Oak Point market. The asset measures 10,472 square feet and is currently leased to The Goddard School under a 15-year triple-net lease.

Summary of transaction details:

  • Property Type: School
  • Transaction Amount: Not disclosed
  • Square Footage: 10,472
  • Address: 142 Mccormick Road
  • Market: Oak Point
  • Buyer's Representative: Russel Wehsener - The Woodmont Company
  • Seller's Representative: Sands Investment Group

Russel Wehsener from The Woodmont Company facilitated the purchase on behalf of the buyer, who remains undisclosed. Sands Investment Group acted as the representative for the seller, who is also undisclosed.

Players

Russel Wehsener

The Woodmont Company

Broker

$5.1M

vol

6 deals

Broker
Sands Investment Group
Sands Investment GroupBrokerage

Little Elm School Market Snapshot

Boundary boundary · School · 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