Wolf Capital Partners Acquires 43K SF Industrial Facility In La Marque, Galveston County
4725 Lawndale St La Marque, TX 77568, USA
Building Size
43,000 SF
Asset Type
Industrial
Closing
Jun 7, 2023
AI
An industrial facility measuring 43,000 square feet in La Marque, Galveston County, has been sold with the assistance of Partners Real Estate. The property, built in 1978, is a single-tenant facility.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Not mentioned
- Address: 4725 Lawndale Street, La Marque
- Market: La Marque, Galveston County
- Size: 43,000 square feet
- Acres: 3
The seller of the industrial facility, Baucom Property Leasing LLC, was represented by Cary Latham and Wyatt Huff of Partners Real Estate. On the other hand, the buyer, Wolf Capital Partners, was represented by Anthony Heins of Heins Properties.
Players
Texas Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
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