Updated Jul 29, 2025
Leo Addimando Of Alterra IOS Acquires Industrial Facility With 30,000 SF Warehouse In Sugar Land
15646 Ennis Road
Building Size
30,000 SF
Asset Type
Industrial
Closing
Jul 22, 2025
About this deal
AI
Alterra IOS acquired an industrial outdoor storage facility located at 15646 Ennis Road in Sugar Land. The asset covers an area of 30,000 square feet and is fully leased, functioning as a warehouse in a market situated 25 miles southwest of Houston.
Summary of transation details:
- Property Type: Industrial
- Transaction Amount: Undisclosed
- Address: 15646 Ennis Road
- Market: Sugar Land
- Square Footage: 30,000
- Buyer: Leo Addimando - Alterra IOS
- Broker: Alexander Harrold - Matthews Real Estate Investment Services
Alexander Harrold of Matthews Real Estate represented Alterra IOS in the transaction. The seller's identity and the price details remain undisclosed.
On the Map
Industrial
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Sugar Land 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