Updated Jul 29, 2025
Patrick Daniels Of CapRock Partners Acquires Industrial Warehouse From Robert Clay In Houston For 524199 SF
13300 John Fitzgerald Kennedy Boulevard
Building Size
524,199 SF
Asset Type
Industrial
Closing
Jul 21, 2025
About this deal
AI
An industrial property located at 13300 John F. Kennedy Boulevard in Houston has been sold. This fully leased warehouse spans 524,199 square feet and is situated in the Kennedy Greens South industrial park, contributing to the growing logistics sector in the area.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Square Footage: 524,199 SF
- Address: 13300 John F. Kennedy Boulevard
- Market: Houston
- Buyer: Patrick Daniels - CapRock Partners
- Seller: Robert Clay - Clay Development & Construction
The transaction marks CapRock Partners' entry into the Houston market, a strategic move that aligns with their Texas expansion plans. The warehouse is occupied by significant tenants, including Walmart and Cheniere Energy, and adds to CapRock’s Texas portfolio, which now totals 1.8 million square feet of logistics assets in areas with high demand and limited supply.
On the Map
Industrial
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Houston 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