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Pagewood And Long Wharf Capital Acquire 292200 SF Industrial Complex In Houston From Abco Industrial Properties
SOLD
Texas
See Similar DealsIndustrial292,200 SF
Sold 06/03/2025
SOLD
Pagewood And Long Wharf Capital Acquire 292200 SF Industrial Complex In Houston From Abco Industrial Properties
2121 Brittmoore Road
See Similar DealsIndustrial292,200 SF
Sold 06/03/2025
Summary
TEXAS
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:292,200 SF
Transaction Type:Sale
The property asset involved in the transaction is the Crossroads at Brittmoore industrial complex, encompassing a total square footage of 292,200. Located at 2121 Brittmoore Road in Houston, this industrial property is part of a 13-building complex that is currently 91% leased.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Address: 2121 Brittmoore Road
- Market: Houston
- Buyer: Paul Coonrod - Pagewood
- Buyer: Jeff Gandel - Long Wharf Capital
- Seller: John W. Able - Abco Industrial Properties
- Lender: Veritex Community Bank
- Leasing Status: 91% leased
- Future Plans: Pagewood plans exterior upgrades through Q3 2026
Pagewood and Long Wharf Capital have successfully acquired the property from Abco Industrial Properties. The financing for this transaction was provided by Veritex Community Bank, facilitating the change of ownership for this significant industrial asset in Houston.
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Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$0.00
Debt Service Coverage Ratio (DSCR)
0.00x
Cap Rate
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Cash Flow (Annual)$0.00
Cash-on-Cash Return0.00%
Monthly Debt Service$0.00
Annual Debt Service$0.00
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