LaserWeld Inc. Acquires 71,750 SF Industrial Property In Conroe
3479 Pollok Dr, Conroe, TX 77303, Estados Unidos
Building Size
71,750 SF
Asset Type
Industrial
Closing
Nov 2, 2020
AI
Industrial property located at 3479 Pollok Drive in Conroe has been sold in a transaction that closed on 11/03/2020. The property spans over 71,750 square feet and is situated on a 10.5-acre site. The sale was facilitated by Archway Properties, who represented the seller. LaserWeld Inc. acted as the buyer in this transaction. Colliers International served as the buyer's representative, with Bill Byrd assisting in the deal.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Not specified
- Seller: Archway Properties
- Buyer: LaserWeld Inc.
- Seller's Representative: Ben Allen
- Buyer's Representative: Bill Byrd – Colliers International
Players
Conroe 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