Updated Dec 21, 2024
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
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