Updated Oct 28, 2024
Westcore CG Cedar Port, LLC Acquires Industrial Property In Baytown From NIT Industrial
1405 Cedar Port Park Baytown, TX 77523
Building Size
210,887 SF
Asset Type
Industrial
Closing
Oct 6, 2021
About this deal
AI
Located in Baytown, the industrial property at 1405 Cedar Port Park recently changed hands in a closed sale transaction. The property spans a total area of 210,887 square feet, making it a significant asset in the market.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Not provided
- Address: 1405 Cedar Port Park
Westcore CG Cedar Port, LLC acquired the property from NIT Industrial. The deal was facilitated by the brokers, Jason Tangen and Barrett Gibson, from Colliers International. Their expertise and assistance played a crucial role in bringing this transaction to fruition.
On the Map
Industrial
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Players
Cedar Park 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