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1300 Fm 646 Road West

Updated Dec 4, 2024

Kelly Hutchinson Of Colliers Facilitates Sale Of Industrial Property In League City, TX
SOLDIndustrial

Kelly Hutchinson Of Colliers Facilitates Sale Of Industrial Property In League City, TX

1300 Fm 646 Road West

Building Size

8,250 SF

Asset Type

Industrial

Closing

May 20, 2024

About this deal

AI

The property at 1300 Fm 646 Road West in League City, Texas, consists of 8,250 square feet situated on 4.02 acres of land. The industrial asset was acquired in a recent sale, with Kelly Hutchinson from Colliers International representing the seller. The property, formerly utilized by Aqua Drill International, will now be home to Dr. Cool & Professor Heat, an air conditioning and HVAC service company, showcasing the continued activity in Houston's East-Southeast Far industrial submarket.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Address: 1300 Fm 646 Road West
  • Market: League City
  • Square Footage: 8,250
  • Acres: 4.02

Kelly Hutchinson, representing Colliers International, played a pivotal role in the sale of the industrial property in League City. The transaction involved the transition of the site's usage from a long-time occupant, Aqua Drill International, to the future operations of Dr. Cool & Professor Heat, further highlighting the dynamic nature of the East-Southeast Far industrial submarket in Houston.

Players

Kelly Hutchinson

Colliers

Broker

4 deals

Broker

Dickinson 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

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