KC Alexander Of Chemplast Acquires 119866 SF Industrial Building In Stafford Texas
12755 South Kirkwood Road
Building Size
119,866 SF
Asset Type
Industrial
Closing
Jan 30, 2025
AI
Chemplast acquired a 119,866-SF industrial building located at 12755 South Kirkwood Road in Stafford, Texas, as part of its expansion strategy. The property encompasses approximately 6.83 acres.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 12755 South Kirkwood Road
- Market: Stafford
- Square Footage: 119,866 SF
- Acres: 6.83
- Buyer: KC Alexander
- Company: Chemplast
- Broker Representatives: Barkley Peschel and Jason Scholtz
- Agency: Colliers
Colliers’ Barkley Peschel and Jason Scholtz represented Chemplast in this off-market transaction, facilitating the acquisition of the property to aid in the company’s growth strategy.
Players
Stafford 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