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12825 Upland Way

New York-Based Buyer Acquires 6.1-Acre Industrial Facility Fully Leased To EquipmentShare In Baytown
SOLDIndustrial

New York-Based Buyer Acquires 6.1-Acre Industrial Facility Fully Leased To EquipmentShare In Baytown

12825 Upland Way

Building Size

Asset Type

Industrial

Closing

Feb 21, 2025

AI

The transaction involved the sale of a 6.1-acre industrial outdoor storage facility located at 12825 Upland Way in Baytown, TX. The property is fully leased to EquipmentShare, confirming its operational status in the industrial market.

Summary of transaction details:

The sale was brokered by Marcus & Millichap, with the involved brokers facilitating the transaction without disclosing the identities of either the buyer or seller. The property transaction reflects the ongoing interest in industrial facilities within the Baytown market.

Players

Derrick Dougherty

Marcus & Millichap

Broker

$178.4M

vol

27 deals

Broker
Marcus & Millichap
Marcus & MillichapBrokerage

Baytown 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