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12615 W Airport Blvd, Sugar...

ARKA Properties Group Inc. Acquires Industrial Property In Sugar Land For $X.XM
SOLDIndustrial

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

Charlie Strauss

JLL

Broker

30 deals

Broker
Griffin Partners
Griffin PartnersSeller

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