Updated Jun 5, 2025
PGIM Real Estate Provides $78 Million Refinance Loan For Industrial Facility In Houston
7818 Fisher Road
$78,000,000
$276/SF
Building Size
281,849 SF
Asset Type
Industrial
Closing
May 22, 2025
About this deal
AI
This transaction involves an industrial asset located at 7818 Fisher Road in the Houston market, comprising a total square footage of 281,849. The refinancing loan amount stands at $78,000,000, specifically designated for a temperature-controlled warehouse facility that provides advanced storage solutions for cold-chain logistics.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $78,000,000
- Lender: Christopher Porter & Charlie Hurst - PGIM Real Estate
- Landlord: BGFP International
- Broker: Tyler Huffman - Bg Capital
- Loan Type: Refinance
The deal is facilitated by a joint venture that includes BG Capital and Freezpak Logistics, officially represented by BGFP International LLC. The financing provided by PGIM Real Estate supports the operational needs of the facility designed for modern logistics requirements.
On the Map
$78,000,000
$276/SF
Industrial
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Players
Baytown Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.20%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93