Crawford Arnold Of Axis Partners Acquires Industrial Property From Dave Lesar Of Superior Energy Services
608 West Richey Road
Building Size
27,500 SF
Asset Type
Industrial
Closing
Aug 25, 2025
AI
The industrial property located at 608 West Richey Road, Houston, encompasses 27,500 square feet and was constructed in 1982 on a parcel of 5.9 acres. This asset was sold from Superior Energy Services to Axis Partners.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Square Footage: 27,500
- Address: 608 West Richey Road
- Market: Houston
- Buyer: Crawford Arnold - Axis Partners
- Seller: Dave Lesar - Superior Energy Services
- Buyer’s Rep: Andrew Laycock - Partners Real Estate
- Seller’s Rep: Jonathan (Jon) Farris - Stream Realty Partners
This transaction highlights the involvement of key individuals in the real estate deal, including Crawford Arnold, representing Axis Partners as the buyer, and Dave Lesar from Superior Energy Services acting as the seller. The sale was facilitated by Andrew Laycock representing the buyer and Jonathan (Jon) Farris representing the seller.
Players
Houston 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