SOLDIndustrial
Bridgewell Clear Lake, LLC Acquires Industrial Property In Webster, TX
15502 Highway 3, Webster, TX 77598
Building Size
149,305 SF
Asset Type
Industrial
Closing
Jan 30, 2022
AI
A 149,305 square foot industrial property located at 15502 Highway 3 in Webster, TX has been sold. The transaction took place on January 31, 2022.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 15502 Highway 3, Webster, TX
- Market: Webster, TX
- Image: Cary Latham, Andrew Pappas & Josh Lass-Sughrue
The buyer of the property is Bridgewell Clear Lake, LLC, while Partners Capital - Andrew Pappas acted as the seller. The transaction was facilitated by Cary Latham & Josh Lass-Sughrue from NAI Partners.
Players
Webster 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