Apricus Realty Capital Acquires 31,750 SF Industrial Outdoor Storage Property In Houston From TRECAP Cos
12400 Taylor Road & 12402 Taylor Road
Building Size
63,500 SF
Asset Type
Industrial
Closing
Oct 26, 2023
AI
Apricus Realty Capital, in partnership with ABR Capital Partners, has acquired a 31,750-square-foot industrial outdoor storage property in Houston. The property, located at 12400 and 12402 Taylor Road, features a concrete yard for storage and distribution. It serves tenants such as SFR Building Products and Total Waste Management Alliance.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: Not specified
- Square Footage: 31,750
- Address: 12400 & 12402 Taylor Road
- Market: Houston
- Buyer: Apricus Realty Capital; ABR Capital Partners - Thomas R. Burton
- Seller: TRECAP Cos. - Tim Phillips
- Brokers: Cort Martin, Garrett Marler & Matthew (Matt) Haley - Apricus Realty Capital
- Lender: Generations Community Federal Credit Union
The buyers of the property are Apricus Realty Capital and ABR Capital Partners, represented by Thomas R. Burton. Meanwhile, TRECAP Cos., led by Tim Phillips, acted as the seller. Cort Martin, Garrett Marler, and Matthew (Matt) Haley from Apricus Realty Capital served as the brokers in the transaction. The property was financed by Generations Community Federal Credit Union.
Players
Houston Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
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