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810 Nafta Blvd, Laredo, TX,...

Cargoquin Leases Industrial Space At 810 Nafta Blvd In Laredo With Tenant's Rep Forum CRE
LEASEDIndustrial

Cargoquin Leases Industrial Space At 810 Nafta Blvd In Laredo With Tenant's Rep Forum CRE

810 Nafta Blvd, Laredo, TX, USA

Building Size

118,842 SF

Asset Type

Industrial

Closing

Feb 18, 2021

AI

The industrial property located at 810 Nafta Blvd in Laredo has been leased. The property spans an area of 118,842 square feet.

Summary of transaction details

  • Property Type: Industrial
  • Address: 810 Nafta Blvd, Laredo
  • Square Footage: 118,842

The tenant, Cargoquin, has entered into a lease agreement with the landlord, SL Source Logistics Laredo LLC. Representing the tenant in the deal is Forum CRE. On the landlord's side, the representatives involved in the transaction are Matthew Boltz, Trace Elrod, Garrett Gibbons Jr., Chris Mason, John Beach, Reggie Beavan III, Andy Iversen, Jack Brewer, and Chris Mathis, all from Newmark.

Players

Trace Elrod

Newmark

Broker

4 deals

Broker

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