Ameritex Machine & Fabrication Acquires Industrial Building From Neil P. Doyle In Conroe For 145,222 SF
915 Conroe Park West Drive
Building Size
145,222 SF
Asset Type
Industrial
Closing
Jul 15, 2025
AI
The transaction involves a 145,222 square foot industrial building situated on 18 acres at 915 Conroe Park West Drive, located in Conroe, TX.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Address: 915 Conroe Park West Drive
- Market: Conroe
- Buyer: Ameritex Machine & Fabrication
- Seller: Neil P. Doyle - TradeLane Properties
- Buyer's Representative: Tim O’Neil - TSO Properties
- Seller's Representative: Garret Geaccone - Stream Realty Partners
Ameritex Machine & Fabrication has successfully acquired the industrial building from seller Neil P. Doyle, who represented TradeLane Properties in the transaction. TSO Properties provided representation for the buyer through Tim O’Neil, while Garret Geaccone of Stream Realty Partners was engaged as the seller's representative.
Players
Conroe 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