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:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 1631 Cottonwood School Road
- Market: Rosenberg
- Seller: Universal Rectifiers
- Buyer: Red Consultants
- Buyer's Representative: Joseph Sturek - First Houston Properties
- Seller's Representative: Barkley Peschel - Colliers
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
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