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1206 5th Street, Comfort, T...

RGH Real Estate Holdings Acquires Comfort Industrial Asset For $Undisclosed
SOLDIndustrial

RGH Real Estate Holdings Acquires Comfort Industrial Asset For $Undisclosed

1206 5th Street, Comfort, TX, USA & 1206 5th Street, Comfort, TX, USA

Building Size

824,000 SF

Asset Type

Industrial

Closing

Nov 18, 2020

AI

An industrial property located at 1206 5th Street in Comfort has been sold in a recent transaction. The property spans a total area of 412,000 square feet, making it a significant asset in the industrial sector. The sale took place on November 19, 2020, with the seller being WINRE LLC and the buyer identified as RGH Real Estate Holdings.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Address: 1206 5th Street
  • Market: Comfort
  • Square Footage: 412,000

Russell Noll from Transwestern represented the seller, WINRE LLC, in this deal. On the buyer's side, Jeremy Kelly and Lena Pierce from Stream Realty Partners Dallas, Mackenzie Ford from Stream Realty Partners OC, and Kevin Cosgrove from Stream Realty Partners Central TX provided representation.

Players

Jeremy Kelly

Stream Realty Partners⁠

Broker

13 deals

Broker

Comfort 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