Updated Jan 21, 2025
Industrial Property Sold In Laredo By Juan Fraga James Mashni And Patrick McKiernan
1118 Beltway Parkway & 13523 Evolution Loop
Building Size
52,200 SF
Asset Type
Industrial
Closing
Jan 13, 2025
About this deal
AI
The property involved in this transaction is an industrial asset located at 1118 Beltway Parkway & 13523 Evolution Loop in Laredo. The total square footage of the asset is 52,200, situated on 9.94 acres.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Address: 1118 Beltway Parkway & 13523 Evolution Loop
- Market: Laredo
- Square Footage: 52,200
- Acres: 9.94
- Brokers: Juan Fraga, James Mashni & Patrick McKiernan - First Houston Properties
- Date of Transaction: 01/13/2025
The transaction was facilitated by brokers Juan Fraga, James Mashni, and Patrick McKiernan, who represent First Houston Properties in this closed transaction. Their involvement underscores the collaborative nature of the deal, highlighting the expertise of the brokerage team in handling industrial transactions in the Laredo market.
On the Map
Industrial
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Players
Laredo 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