Updated Oct 29, 2024
Envision Cold Secures $500M Equity Loan For Industrial Property In Laredo, TX
602 Union Pacific Blvd Laredo, TX 78045, USA
$500,000,000
$166/SF
Building Size
3,000,000 SF
Asset Type
Industrial
Closing
Aug 14, 2023
About this deal
AI
Envision Cold, represented by Austin Solem, Eric Diaz, and Stephen Draper, has secured a $500,000,000 equity loan for an industrial property located at 602 Union Pacific Boulevard in Laredo, TX. This property spans approximately 3,000,000 square feet and is situated in the Laredo market.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $500,000,000
- Address: 602 Union Pacific Boulevard
- Market: Laredo, TX
- Size: 3,000,000 square feet
Jordan Roeschlaub and Dustin Stolly from Newmark served as brokers in this transaction, facilitating the loan on behalf of Envision Cold.
Players
Laredo Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
Loading comparables…
Deal FAQ
Visit Dustin Stolly to view all their deals.
Browse Texas industrial loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.03%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93