facebook

traded

+ Submit
Home

/

Deals

/

Texas

/

Industrial

/

Sale

/

1405 Cedar Port Park Baytow...

Westcore CG Cedar Port, LLC Acquires Industrial Property In Baytown From NIT Industrial
SOLDIndustrial

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

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.

Players

Barrett Gibson

Colliers

Broker

8 deals

Broker

Cedar Park Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

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