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15308 Fatima Dr, Laredo, TX...

VanTrust Real Estate Leases 432085 Square Feet Industrial Space In North Laredo Industrial Park
LEASEDIndustrial

VanTrust Real Estate Leases 432085 Square Feet Industrial Space In North Laredo Industrial Park

Building Size

432,085 SF

Asset Type

Industrial

Closing

Oct 22, 2024

AI

The property at 15308 Fatima Drive in Laredo, Texas, is an industrial asset with a total square footage of 432,085. It features 112 dock positions, three drive-in doors, 224 trailer parking spaces, and an additional 17,000 square feet of newly constructed office space. The property is situated within the North Laredo Industrial Park.

Summary of transaction details:

CBRE's Joshua Aguilar and Rob Burlingame represented the landlord, VanTrust Real Estate, during the negotiation of the lease, while Carlo Molano from Forum Commercial Real Estate and Kristina Madayag from KBC Advisors represented the tenant, a global logistics company.

Players

Joshua Aguilar

CBRE

Broker

$30M

vol

7 deals

Broker

Market Industrial Market Snapshot

Boundary boundary · Industrial · Lease 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