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11603 East Freeway

Lyman Phillips Of Golden Lion Capital Represents Buyer And Seller In $18.5M Baytown Industrial Sale
SOLDIndustrial

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

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.

Players

Lyman Phillips

Golden Lion Capital Investments

Broker

$439.2M

vol

26 deals

Broker

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