Stos Partners Sells 79.8k SF Industrial Warehouse In Laredo, TX For $9.15M
13806 N Unitec Dr Laredo, TX 78045, USA
$9,150,000
$114/SF
Building Size
79,883 SF
Asset Type
Industrial
Closing
Jun 23, 2023
AI
A 79,883 sq ft warehouse located at 13806 North Unitec Drive in Laredo, Texas, has been sold for $9.15 million. The property is situated in Laredo's tight industrial market and benefits from its close proximity to the Port of Laredo. It is fully occupied by Grupo Cargoquin.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $9,150,000
- Square Footage: 79,883
- Price per Square Foot: $115
- Address: 13806 North Unitec Drive
- Market: Laredo
The sale of this warehouse was facilitated by Stos Partners, represented by Jason Richards. The buyer, a 1031-exchange investor, was advised by Anthony DeLorenzo from CBRE.
Players
Texas 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
1.73%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93