Updated Dec 4, 2024
Baywater Capital Acquires 68,000 SF Industrial Park In Pearland From Halik 35 LLC
4407 Halik Street
Building Size
68,000 SF
Asset Type
Industrial
Closing
Sep 25, 2023
About this deal
AI
A 68,000-square-foot industrial park located at 4407 Halik Road in Pearland, a southern Houston suburb, has been sold. The property, which sits on 7.6 acres of land, consists of five buildings and was recently acquired by Houston-based Baywater Capital from Halik 35 LLC.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 4407 Halik Road
- Market: Pearland
- Square Footage: 68,000 SF
- Acreage: 7.6 acres
The sale of this industrial park was facilitated by Fritsche Anderson Realty Partners, a Houston brokerage firm. The deal was brokered by Brandon Wuntch and Drew Altmann, both representatives of Fritsche Anderson Realty Partners.
Players
Pearland 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