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Ed Brickley & Joe Noon Of Realterm Acquire Development Site In Laredo For Transload Facility
SOLD
Texas
See Similar DealsDevelopment Site
Sold 08/13/2024
SOLD
Ed Brickley & Joe Noon Of Realterm Acquire Development Site In Laredo For Transload Facility
Development Site
Sold 08/13/2024
Summary
Asset Type:Development Site
Transaction Type:Sale
A 19.76-acre development site located at 202 Blue Ridge Parkway in Laredo, Texas, was acquired for the construction of a transload facility. The asset features a building size of 236,693 square feet, designed primarily for cross-border operations.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: Not specified
- Address: 202 Blue Ridge Parkway
- Market: Laredo
- Building Size: 236,693 square feet
- Acres: 19.76
- Buyer: Ed Brickley & Joe Noon - Realterm; Kent Carlson, Sr. - Alliance Industrial
Realterm and Alliance Industrial are set to develop a state-of-the-art transload facility that will include 50 dock-high loading positions and 190 trailer parking spaces. Construction is scheduled to begin in August 2024, highlighting the companies' commitment to enhancing logistics capabilities in the region.
Details
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Operating Income
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Debt Service Coverage Ratio (DSCR)
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Cash Flow (Annual)$0.00
Cash-on-Cash Return0.00%
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