Joseph Pawlikowski Purchases Industrial Asset In Alvin Texas From Willis Lucas With Broker Representation
1112 Fm 517
Building Size
16,500 SF
Asset Type
Industrial
Closing
Jun 8, 2025
AI
The property asset involved in this transaction is an industrial facility located at 1112 FM 517 RD in Alvin, Texas, with a total square footage of 16,500. The transaction, representing a sale, was finalized on June 9, 2025.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 1112 FM 517 RD
- Market: Alvin, Texas
- Buyer: Joseph Pawlikowski
- Seller: Willis Lucas
- Buyer's Rep: Michael Keegan & Andrew Laycock - Partners Real Estate
- Seller's Rep: Brandon Alexander Wuntch & Drew Altmann - Cresa
This transaction highlights the involvement of key representatives in the deal, with Michael Keegan and Andrew Laycock representing the buyer, Joseph Pawlikowski, while the seller, Willis Lucas, was represented by Brandon Alexander Wuntch and Drew Altmann.
Players
Dickinson Industrial Market Snapshot
Boundary boundary · Industrial · Sale 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