CCT Sparkle Family Limited Partnership Acquires Industrial Property In Rosenberg With Buyer's Rep Taylor Schmidt & Seller's Rep Joseph Smith & Boomer White
1615 Spur 529, Rosenberg, TX 77471, USA
Building Size
91,814 SF
Asset Type
Industrial
Closing
Aug 7, 2021
AI
The industrial property located at 1615 Spur 529 in Rosenberg has been sold in a recent transaction. The property spans across 91,814 square feet and sits on a 9-acre lot.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 1615 Spur 529
- Market: Rosenberg
- Square Footage: 91,814
- Acres: 9
The buyer of the property is CCT Sparkle Family Limited Partnership. Representing the seller in this transaction were Joseph Smith and Boomer White from CBRE. On the buyer's side, Taylor Schmidt from Lee & Associates assisted in the deal.
Players
Rosenberg 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