JAMCO Group Leases 500,000 SF Industrial Space At 8702 Killam Industrial Blvd In Laredo With Carlo Molano Of Forum CRE
8702 Killam Industrial Blvd, Laredo, TX, USA
Building Size
500,000 SF
Asset Type
Industrial
Closing
Feb 25, 2021
AI
The industrial property located at 8702 Killam Industrial Blvd in Laredo, Texas has recently been leased. The property spans across 500,000 square feet, making it a significant asset in the industrial market.
Summary of transation details
- Property Type: Industrial
- Date: 02/26/2021
- Address: 8702 Killam Industrial Blvd
- Market: Laredo
- Square Footage: 500,000
The tenant for this property is JAMCO Group, while Majestic Real Estate acts as the landlord. The lease transaction was facilitated by Carlo Molano from Forum CRE.
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