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:
- Property Type: Industrial
- Transaction Amount: Undisclosed
- Landlord: VanTrust Real Estate
- Landlord's Representative: Joshua Aguilar & Rob Burlingame - CBRE
- Tenant's Representative: Carlo Molano - Forum Commercial Real Estate; Kristina Madayag - KBC Advisors
- Date of Transaction: 10/22/2024
- Market: Laredo
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
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