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12100 Esther Lama Drive

Steve Gozini Of BH Properties Acquires 203499 Square Foot Industrial Property In El Paso
SOLDIndustrial

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

David Hingst

Cushman & Wakefield

Broker

2 deals

Broker

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