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13223 Murphy Road, Stafford...

Crow Holdings Industrial Acquires 34.3 Acre Industrial Development Site In Stafford
SOLDIndustrial

Crow Holdings Industrial Acquires 34.3 Acre Industrial Development Site In Stafford

13223 Murphy Road, Stafford, TX 77477

Building Size

311,205 SF

Asset Type

Industrial

Closing

Oct 11, 2020

AI

A 34.3-acre industrial development site located at 13223 Murphy Road in Stafford has been sold. The transaction took place on October 12, 2020. The property was purchased by Crow Holdings Industrial. The site is situated in the Stafford market.

Summary of transaction details

  • Property Type: Industrial Development Site
  • Transaction Date: 10/12/2020
  • Address: 13223 Murphy Road
  • Market: Stafford
  • Acres: 34.3

Barkley Peschel and Jason Scholtz from Colliers International represented the seller in the transaction. Cory Driskill and Travis Covington from Crow Holdings Industrial acted as the buyer's representatives.

Players

Barkley Peschel

Colliers

Broker

12 deals

Broker

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