Zack Markwell Of Stonemont Financial Group Acquires 5.8 Acre Industrial Site In La Porte
615 North 6th Street
Building Size
—
Asset Type
Industrial
Closing
Jul 10, 2025
AI
An industrial outdoor storage site measuring 5.8 acres has been acquired at 615 North 6th Street in La Porte, TX. The property includes 61,000 square feet of office, maintenance, and manufacturing space and is located near Port Houston’s Barbour’s Cut terminal.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Undisclosed
- Address: 615 North 6th Street
- Market: La Porte
- Acres: 5.8
- Total Square Footage: 61,000 SF
- Buyer: Zack Markwell
- Buyer’s Company: Stonemont Financial Group
- Seller: Undisclosed
Zack Markwell, representing Stonemont Financial Group, was involved in this transaction as part of a dual acquisition that also included a separate 5.3-acre IOS property in metro Atlanta.
Players
La Porte 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