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Reagan Swinbank Purchases Industrial Property From Mandeep Singh For $5.6M In New Caney Texas

Property Image
SOLD
$5,600,000

Texas

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Industrial24,000 SF
Sold 01/23/2025
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Property Image
SOLD

Reagan Swinbank Purchases Industrial Property From Mandeep Singh For $5.6M In New Caney Texas

18700 Eastex Freeway

See Similar Deals
Industrial24,000 SF
Sold 01/23/2025
the dealplayerscompscontact
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Summary

TEXAS
Asset Type:Industrial
Price Per Square Foot:$233
Total Square Footage:24,000 SF
Transaction Type:Sale

The industrial property located at 18700 US Hwy 59 in New Caney, Texas, encompasses a total square footage of 24,000 and was sold for $5,600,000, equating to a price per square foot of $233. The asset sits on 3.5 acres of land.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $5,600,000
  • Sale Date: 01/23/2025
  • Buyer: Reagan Swinbank
  • Seller: Mandeep Singh
  • Broker: Boomer White - RevKo Commercial Real Estate
  • Lease: Snider Fleet Solutions signed a 10-year lease
  • Lease Start Date: March 2025
  • Lease Area: 24,000 SF facility
  • Remaining Land Use: Truck parking operation on 5 acres

Boomer White represented the buyer, Reagan Swinbank, in this transaction while also handling the lease agreement with Snider Fleet Solutions. This strategic move allows Snider to occupy the entire facility upon their lease commencement.

Players

Boomer White
RevKo Commercial Real Estate
Boomer White
7 deals$5.6M volume(713) 577-1676
BROKER

Details

SOLD
IMAGE: Boomer White & Reagan Swinbank DATE: 01/23/2025 ADDRESS: 18700 US Hwy 59 MARKET: New Caney, Texas ASSET TYPE: Industrial ~ SF: 24,000 BUYER: Reagan Swinbank SELLER: Mandeep Singh BROKER: Boomer White - RevKo Commercial Real Estate SALE PRICE: $5,600,000 SF: 24,000 ~ PPSF: $233 NOTE FROM BROKER: Boomer White represented the buyer on the purchase and Snider Fleet Solutions on the lease. Snider will lease the entire 24,000 SF facility, which sits on 3.5 acres. Snider signed a 10-year lease and they will be the taking occupancy in March 2025. The buyer will run a truck parking operation on the remainder 5 acres of land.

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Debt Service Coverage Ratio (DSCR)

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