ARKA Properties Group Inc. Acquires Industrial Property In Sugar Land For $X.XM
12615 W Airport Blvd, Sugar Land, TX, USA
Building Size
93,945 SF
Asset Type
Industrial
Closing
Oct 13, 2021
AI
An industrial property located at 12615 W Airport Blvd in Sugar Land has been sold in a recent transaction. The property spans approximately 93,945 square feet, making it ideal for industrial purposes. The sale took place on October 13, 2021.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 12615 W Airport Blvd
- Market: Sugar Land
- Size: 93,945 square feet
The buyer of this industrial property was ARKA Properties Group Inc. The seller of the property was Griffin Partners. The transaction was facilitated by the brokers Trent Agnew, Charles Strauss, Katherine Miller, and Jack Moody from JLL.
Players
Sugar Land 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