Updated Aug 21, 2025
David Reid Acquires Industrial Asset From Megacentro With Seller's Representatives Hunter Mills & Marc Royer
12918 Beltex Drive
Building Size
49,372 SF
Asset Type
Industrial
Closing
Aug 7, 2025
About this deal
AI
The property asset involved in the transaction is located at 12918 Beltex Drive in Manor. This industrial asset encompasses a total square footage of 49,372. The transaction has been recorded without disclosing the sales price, as it remains confidential.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Address: 12918 Beltex Drive
- Market: Manor
- Buyer: David Reid
- Seller: Megacentro
- Seller's Representative: Hunter Mills & Marc Royer - Cushman & Wakefield
The deal includes David Reid as the buyer, acquiring the industrial property from seller Megacentro. The transaction was facilitated by the seller's representatives, Hunter Mills and Marc Royer, who are associated with Cushman & Wakefield, underscoring their role in the closure of this deal.
On the Map
Industrial
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Players
Manor 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