Updated Oct 29, 2024
Syntech Chemicals Acquires Industrial Property In Baytown, Texas
7500 FM 1405, Baytown, TX, USA
Building Size
18,000 SF
Asset Type
Industrial
Closing
Apr 2, 2021
About this deal
AI
An industrial property located at 7500 FM 1405 in Baytown has been sold. The property spans across 18,000 square feet and was purchased by Syntech Chemicals.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: N/A
- Address: 7500 FM 1405
- Market: Baytown
- Square Footage: 18,000
The sellers, TGS Cedar Port Partners represented by John Klein & Matt Fleming, completed the transaction with the support of their representatives, Joel Michael, John Simmons & Holden Rushing from NAI Partners. On the other hand, Syntech Chemicals was represented by Bill Rudolf & Kyle Golding from CBRE.
On the Map
Industrial
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Players
Baytown 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