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1631 Cottonwood School Road

Red Consultants Acquires Industrial Building In Rosenberg From Universal Rectifiers With Brokers Joseph Sturek And Barkley Peschel
SOLDIndustrial

Red Consultants Acquires Industrial Building In Rosenberg From Universal Rectifiers With Brokers Joseph Sturek And Barkley Peschel

1631 Cottonwood School Road

Building Size

23,178 SF

Asset Type

Industrial

Closing

Jul 1, 2024

AI

The transaction involved a ±23,178 square foot industrial building located at 1631 Cottonwood School Road in Rosenberg, Texas. The building is situated in a tight industrial market, which has contributed to its successful sale. The asset was sold by Universal Rectifiers to Red Consultants.

Summary of transaction details:

Joseph Sturek from First Houston Properties represented the buyer, Red Consultants, in the transaction. Barkley Peschel of Colliers represented the seller, Universal Rectifiers, and emphasized Colliers' dedication to supporting property owners and users within the Rosenberg area.

Players

Barkley Peschel

Colliers

Broker

12 deals

Broker

Rosenberg 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