Steve Gozini Of BH Properties Acquires 203499 Square Foot Industrial Property In El Paso
12100 Esther Lama Drive
Building Size
203,499 SF
Asset Type
Industrial
Closing
Aug 14, 2024
AI
BH Properties has acquired an industrial property located at 12100-12105 Esther Lama Drive in El Paso, Texas. The property encompasses 203,499 square feet on a 17-acre lot, consisting of two buildings originally constructed in 1986 for the operations of the Tony Lama boot company.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Square Footage: 203,499 SF
- Address: 12100-12105 Esther Lama Drive
- Market: El Paso
- Acres: 17
- Buyer: Steve Gozini - BH Properties
- Brokers: Brett Preston & David Hingst - Cushman & Wakefield / PIRES International
Steve Gozini represented BH Properties in this acquisition, while Brett Preston and David Hingst from Cushman & Wakefield / PIRES International acted as the brokers in this transaction. The seller of the property remains undisclosed.
Players
El Paso 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