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
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