Updated Oct 13, 2026
Christen Vestal Of Provident Realty Advisors Sells Industrial Asset In Laredo For $30 Million
1203 Reuthinger Parkway
$30,000,000
$125/SF
Building Size
238,800 SF
Asset Type
Industrial
Closing
Jun 30, 2025
About this deal
AI
The transaction involved an industrial asset located at 1203 Reuthinger Parkway in the Laredo market, characterized by a sale price of $30,000,000. The property encompasses 238,800 square feet, translating to a price per square foot of $125.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $30,000,000
- Address: 1203 Reuthinger Parkway
- Market: Laredo
- Square Footage: 238,800
- Price per Square Foot: $125
- Seller: Christen Vestal - Provident Realty Advisors
- Buyer’s Representative: David Wang - PropNex Realty Group
- Seller’s Representative: Joshua Aguilar - CBRE
The sale signifies a successful phase in the Northpoint 35 project, with Christen Vestal overseeing the acquisition, development, and sale of the property in an 18-month timeframe. This transaction highlights the collaborative efforts of the brokerage teams involved in facilitating the deal.
On the Map
$30,000,000
$125/SF
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
0.53%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93