K2 Real Estate Capital Acquires Industrial Asset From Laredo Cargo Inc In Laredo Texas
SOLD
$999,999,999
+ 1
Texas
See Similar DealsIndustrial90,000 SF
Sold 11/25/2024
SOLD
K2 Real Estate Capital Acquires Industrial Asset From Laredo Cargo Inc In Laredo Texas
8514 El Gato Road
See Similar DealsIndustrial90,000 SF
Sold 11/25/2024
+ 1
Summary
TEXAS
Asset Type:Industrial
Price Per Square Foot:$11,111
Total Square Footage:90,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$53,333,333.29
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,552,788.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,740,510.17
Annual Debt Service$56,886,122.06
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