Updated Sep 14, 2026
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.
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