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1187 Brittmoore Road

Dax T.S. Mitchell Of MAG Capital Partners Acquires Industrial Property For Nessco Group In Houston
SOLDIndustrial

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

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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