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:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Acres: 6.1
- Address: 12825 Upland Way
- Market: Baytown
- Brokers: Derrick Dougherty, Nick Geaneotes, Peter Bauman & Tivon Moffitt - Marcus & Millichap
- Buyer: Anonymous New York-based buyer
- Acquisition Financing: Arranged by Stephen Fillipo through a national credit union
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
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