Updated Dec 21, 2023
Reich Brothers Acquires Industrial Property In Baytown, TX For $Undisclosed Amount
8501 Citypark Loop, Houston, Texas 77013, United States
Building Size
1,222,029 SF
Asset Type
Industrial
Closing
Jan 7, 2022
About this deal
AI
An industrial property located at 8501 City Park Loop in Baytown, TX has been recently sold. The property spans a total area of 1,222,029 square feet (SF) and is situated on 67 acres of land. The transaction took place on January 7, 2022, and the buyer of the property is Reich Brothers, represented by Matt Reich.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 8501 City Park Loop, Baytown, TX
- Market: Baytown, TX
- Size: 1,222,029 SF
- Land Size: 67 acres
Matt Reich from Reich Brothers was the representative of the buyer, overseeing the transaction of this industrial property in Baytown, TX.
Players
Houston Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Deal FAQ
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