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14002 Mercury Drive

Updated Dec 21, 2024

Jeff Small Jr. & Makenna Barbara Of MDH Partners Acquire Industrial Building In Laredo Texas
SOLDIndustrial

Jeff Small Jr. & Makenna Barbara Of MDH Partners Acquire Industrial Building In Laredo Texas

14002 Mercury Drive

Building Size

70,000 SF

Asset Type

Industrial

Closing

Dec 13, 2024

About this deal

AI

MDH Partners acquired an industrial property located at 14002 Mercury Drive in Laredo, Texas. The asset encompasses 70,000 square feet and is fully leased to a logistics company for a six-year term. This Class-A facility was completed in 2023 and is strategically positioned near I-35 and the Mexico-U.S. border, contributing to MDH's significant presence in the Texas market, which now exceeds 6.5 million square feet.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Address: 14002 Mercury Drive
  • Market: Laredo
  • Buyer: Jeff Small, Jr. & Makenna Barbara - MDH Partners
  • Broker: Alfonso Jasso - Forum CRE

Jeff Small, Jr. and Makenna Barbara represented MDH Partners in this transaction. Alfonso Jasso from Forum CRE acted as the broker for this deal. The acquisition reflects MDH Partners' strategy to expand its portfolio in the Texas region.

Players

Alfonso Jasso

Forum CRE

Broker

1 deal

Broker

Laredo 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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