Updated Dec 21, 2023
Welcome Group Acquires Industrial Property On Spring Street In Spring
2400 Spring Stuebner Rd, Spring, TX 77389, USA
Building Size
38,702 SF
Asset Type
Industrial
Closing
Jul 1, 2020
About this deal
AI
The industrial property located at 2400 Spring Stuebner Rd in Spring has been sold. The property spans across 38,702 square feet and was part of a closed transaction.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
The buyer of the property is The Welcome Group, specifically represented by Welcome Wade Wilson Jr.
Traded’s record for 2400 Spring Stuebner Rd, Spring, TX 77389, USA in Spring, Texas covers a industrial sale from 2020. The building is 38,702 square feet, implying about 0 per square foot on the published price. This page is the Spring, Texas file for the 2400 Spring Stuebner Rd, Spring, TX 77389, USA industrial sold: pricing, party profiles, and other closed industrial comps from the same Spring sit in the Market section below. Filter that Spring industrial set by closing date to see what else sold near 2400 Spring Stuebner Rd, Spring, TX 77389, USA around 2020. Cite this Welcome Group Acquires Industrial Property On Spring Street In Spring sale when underwriting similar industrial product around Spring, Texas.
Players
Spring Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Deal FAQ
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