MDH Partners Acquires 554,960 SF Industrial Portfolio In El Paso, Texas
1740 Joe Battle Boulevard
Building Size
554,960 SF
Asset Type
Industrial
Closing
May 14, 2024
AI
The Loop 375 Industrial, a Class-A industrial portfolio in El Paso, Texas, comprising three buildings and spanning 554,960 square feet on 36.68 acres, was acquired by MDH Partners. The property, situated at the northeast corner of Amesbury Avenue and Joe Battle Boulevard, offers premier frontage, visibility, and direct access to Loop 375, catering to the robust demand in the El Paso industrial market.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 1740 Joe Battle Boulevard
- Market: El Paso
Bret Felberg and Jeff Morris from Colliers International represented MDH Partners in the acquisition of the Loop 375 Industrial property. Georga Rowe from MDH Partners led the purchase of this strategic industrial asset in El Paso, Texas.
Players
El Paso 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