Jeff Mercer Acquires Industrial Asset At 5608 Old Brownsville Road From Capital Real Estate Investments
5608 Old Brownsville Road
Building Size
21,354 SF
Asset Type
Industrial
Closing
Dec 31, 2024
AI
The property asset involved in the transaction is an industrial facility located at 5608 Old Brownsville Road in the Corpus Christi market. The asset encompasses a total square footage of 21,354. The sale was completed on December 31, 2024, between the buyer and seller without disclosing the transaction amount.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Address: 5608 Old Brownsville Road
- Market: Corpus Christi
- Square Footage: 21,354
- Buyer: Jeff Mercer
- Seller: Capital Real Estate Investments
- Buyer's Representative: Chase Miller - NAI Robert Lynn
- Seller's Representatives: Troup Rolland & Matt Cooper - Capital Real Estate Commercial
This transaction includes key individuals such as Jeff Mercer, representing the buyer, and Capital Real Estate Investments as the seller. The buyer was represented by Chase Miller from NAI Robert Lynn, while Troup Rolland and Matt Cooper from Capital Real Estate Commercial represented the seller in the deal.
Players
Robstown 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