Buckland Global Trade Services Leases 103870 Square Feet At Pinnacle Industry Center In Laredo
21208 Kraus Loop
Building Size
103,870 SF
Asset Type
Industrial
Closing
Mar 7, 2025
AI
The property asset involved in the transaction is an industrial space located at 21208 Kraus Loop in the Laredo market. The total square footage of the property measures 103,870 square feet, which is significant for industrial operations.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Tenant: Craig Smith
- Company: Buckland Global Trade Services
- Brokers: Enrique Volkmer - Lee & Associates
- James Cocke - Huffman Development
- Date: 03/07/2025
The lease was signed by Craig Smith on behalf of Buckland Global Trade Services to expand its operations in South Texas. The deal was brokered by Enrique Volkmer from Lee & Associates and James Cocke from Huffman Development, reflecting the increasing industrial investment in the Laredo region.
Players
Laredo 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