Updated Mar 5, 2025
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
About this deal
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