Updated Dec 11, 2024
K2 Real Estate Capital Acquires Industrial Asset From Laredo Cargo Inc In Laredo Texas
8514 El Gato Road
$999,999,999
$11,111/SF
Building Size
90,000 SF
Asset Type
Industrial
Closing
Nov 25, 2024
About this deal
AI
The property asset involved in this transaction is an industrial facility located at 8514 El Gato Road in Laredo, TX. The asset encompasses a total of 92,254 square feet, catering to industrial needs within the local market.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Buyer: K2 Real Estate Capital
- Seller: Laredo Cargo, Inc. - Eduardo Vidales
- Brokers: Joseph Ash, Steven Pollan, Joseph Kassin & Morris Sutton - KSR
The deal was facilitated by brokers Joseph Ash, Steven Pollan, Joseph Kassin, and Morris Sutton, all of whom represent KSR in this transaction. Their involvement highlights an active brokerage presence in the Laredo industrial market.
On the Map
$999,999,999
$11,111/SF
Industrial
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Players
Laredo 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
0.02%
Cash-on-Cash
-0.00%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93