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Peter A. Merrigan Of Taurus...

Updated Sep 14, 2026

Peter A. Merrigan Of Taurus Investment Holdings Acquires Crossroads Business Park In Laredo, TX
SOLDIndustrial

Peter A. Merrigan Of Taurus Investment Holdings Acquires Crossroads Business Park In Laredo, TX

Building Size

412,871 SF

Asset Type

Industrial

Closing

Sep 10, 2026

About this deal

AI

The property asset involved in the transaction is Crossroads Business Park, which encompasses an industrial campus covering 412,871 square feet and situated on 40 acres of land. The site is located at Crossroads Loop in Laredo, TX, and is fully leased to various users in the logistics and cross-border trade sectors. The property benefits from its proximity to Interstate 35 and the World Trade Bridge.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Address: Crossroads Loop, Laredo, TX
  • Square Footage: 412,871
  • Acres: 40.0
  • Buyer: Peter A. Merrigan
  • Buying Entity: Taurus Investment Holdings

Key individuals involved in the deal include Peter A. Merrigan representing Taurus Investment Holdings, which has made a significant move into the Laredo, Texas market through this acquisition of the fully leased industrial park serving various logistics functions.

Players

Peter A. Merrigan

Taurus Investment Holdings

Buyer

$1.2B

vol

14 deals

Buyer
Bilt advertisement

Market 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

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