Updated May 29, 2025
Lyman Phillips Of Golden Lion Capital Represents Buyer And Seller In $18.5M Baytown Industrial Sale
11603 East Freeway
$18,500,000
$390/SF
Building Size
47,350 SF
Asset Type
Industrial
Closing
May 26, 2025
About this deal
AI
The industrial property located at 11603 I-10 in Baytown, TX, was sold for $18,500,000. This asset encompasses a total square footage of 47,350, resulting in a price per square foot of $390.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $18,500,000
- Address: 11603 I-10
- Market: Baytown, TX
- SF: 47,350
- PPSF: $390
- Seller: Michael Fulghum
- Broker: Lyman Phillips - Golden Lion Capital Investments
Lyman Phillips of Golden Lion Capital successfully represented both the buyer and seller in this transaction. Golden Lion Capital continues to explore strong opportunities in the industrial, office, and retail sectors across the nation, while also providing a dedicated 1031 Exchange platform for investors.
On the Map
$18,500,000
$390/SF
Industrial
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Mont Belvieu 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
0.86%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93