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400 Conroe Park West Drive

Capital Real Estate Commercial Purchases Industrial Asset From Harbor Capital For $8.2M In Conroe
SOLDIndustrial

Capital Real Estate Commercial Purchases Industrial Asset From Harbor Capital For $8.2M In Conroe

400 Conroe Park West Drive

$8,200,000

$119/SF

Building Size

68,656 SF

Asset Type

Industrial

Closing

Aug 5, 2024

AI

The industrial property located at 400 Conroe Park West Drive in Conroe was sold for $8,200,000. The asset encompasses a total area of 68,656 square feet, resulting in a price per square foot of $119.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $8,200,000
  • Address: 400 Conroe Park West Drive
  • Market: Conroe
  • Square Footage: 68,656
  • Price Per Square Foot: $119
  • Buyer: Capital Real Estate Commercial
  • Seller: Harbor Capital
  • Buyer's Representatives: Carson Deer, Blake Deer, Matt Cooper, Troup Rolland - Capital Real Estate Commercial
  • Seller's Representative: Cary Latham - Stream Realty

The transaction involved Capital Real Estate Commercial as the buyer, represented by Carson Deer, Blake Deer, Matt Cooper, and Troup Rolland. The seller, Harbor Capital, was represented by Cary Latham from Stream Realty, highlighting the collaboration between the involved parties in this industrial real estate transaction.

Players

Cary Latham

Stream Realty Partners⁠

Broker

$8.2M

vol

13 deals

Broker
Troup Rolland
Verified Badge

Troup Rolland

Capital Real Estate Commercial⁠

Broker

$8.2M

vol

26 deals

Broker

Conroe 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

1.93%

Cash-on-Cash

-0.55%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93