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12400 Taylor Road

Apricus Realty Capital Acquires 31,750 SF Industrial Outdoor Storage Property In Houston From TRECAP Cos
SOLDIndustrial

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

Matthew Haley

Apricus Realty Capital

Broker

4 deals

Broker
Apricus Realty Capital
Apricus Realty CapitalBuyer
Generations Community Federal Credit Union
Generations Community Federal Credit UnionLender

Houston 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