Updated Dec 4, 2024
Spring Glass & Mirror Ltd Acquires 43,200 SF Industrial Building In Conroe, Texas
15431 Interstate 45
Building Size
43,200 SF
Asset Type
Industrial
Closing
Oct 4, 2023
About this deal
AI
Spring Glass & Mirror Ltd. has purchased a 43,200 square foot industrial building on about 9.889 acres at 15431 Interstate 45 South in Conroe, Texas. The property, located in the Conroe market, will serve as the new headquarters for Spring Glass & Mirror. The transaction was facilitated by Michelle Soderberg of Colliers, who represented the seller, JMBG, Ltd.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Not provided
- Square Footage: 43,200
- Address: 15431 Interstate 45 South
- Market: Conroe
- Buyer: Spring Glass & Mirror Ltd - Denise Baker
- Seller: JMBG, Ltd
- Buyer's Representative: Wade Nelson - Nelson Properties
- Seller's Representative: Michelle Soderberg - Colliers
The sale of the industrial property was brokered by Wade Nelson of Nelson Properties, who represented the buyer, Spring Glass & Mirror Ltd. Denise Baker, the representative of Spring Glass & Mirror Ltd, played a key role in the purchase. With the new headquarters, Spring Glass & Mirror Ltd will have the necessary space to expand their operations and meet the growing demand for their products.
On the Map
Industrial
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Conroe Industrial Market Snapshot
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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