Dax T.S. Mitchell Of MAG Capital Partners Acquires Industrial Property For Nessco Group In Houston
1187 Brittmoore Road & 1189 Brittmoore Road
Building Size
—
Asset Type
Industrial
Closing
Oct 22, 2025
AI
A two-building industrial property situated on 2 acres has been sold at 1187-1189 Brittmoore Road in the Houston market. The property will be utilized as the new U.S. headquarters for Nessco Group Holdings Ltd., a company specializing in telecom and security solutions for the energy sector.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 1187-1189 Brittmoore Road
- Market: Houston
- Buyer: Dax T.S. Mitchell
- Buyer’s Company: MAG Capital Partners
This acquisition is part of MAG Capital Partners’ strategy following their December 2024 purchase of Nessco Group from Viasat, Inc., enabling the company to enhance its offerings in integrated telecom services across various sectors, including oil, gas, renewables, and data centers.
Players
Houston Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
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