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
About this deal
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.
On the Map
School
View full map
Players
Little Elm School Market Snapshot
Boundary boundary · School · Sale transactions
Loading comparables…
Deal FAQ
Browse Little Elm school 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