Updated Dec 4, 2024
Debbie Grigg & Trent Vacek Close Industrial Property Sale In La Marque
412 Main Street
Building Size
24,000 SF
Asset Type
Industrial
Closing
Mar 20, 2024
About this deal
AI
An industrial property spanning 24,000 square feet sitting on 3.6 acres of land in La Marque was recently sold. The property is located at 412 Main Street in the La Marque market, southeast of Houston.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Address: 412 Main Street
- Market: La Marque
- Square Footage: 24,000
- Acres: 3.6
Debbie Grigg from Nexthome First Source represented the buyer, while Trent Vacek from CMI Brokerage represented the seller in the transaction. Both parties involved in the deal chose to remain anonymous.
Players
Trent Vacek
CMI Brokerage
Broker1 deal
La Marque 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