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
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