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
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