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615 North 6th Street

Zack Markwell Of Stonemont Financial Group Acquires 5.8 Acre Industrial Site In La Porte
SOLDIndustrial

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

Zack Markwell

Stonemont Financial Group

Buyer

$358.8M

vol

11 deals

Buyer
Stonemont Financial Group
Stonemont Financial GroupBuyer

La Porte 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