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608 West Richey Road

Crawford Arnold Of Axis Partners Acquires Industrial Property From Dave Lesar Of Superior Energy Services
SOLDIndustrial

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

Andrew Laycock

Partners Real Estate

Broker

12 deals

Broker

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