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Rex Road Friendswood

Rex Industrial Partners Sells Five Buildings At Rex Road Industrial Business Park In Friendswood
SOLDIndustrial

Rex Industrial Partners Sells Five Buildings At Rex Road Industrial Business Park In Friendswood

Building Size

Asset Type

Industrial

Closing

Jul 1, 2025

AI

Rex Industrial Partners sold five buildings totaling 75,000 square feet located at Rex Road Industrial Business Park in Friendswood, Texas. The property is classified within the industrial asset type.

Summary of transaction details:

The deal was brokered by Michael Keegan and Andrew Laycock, who are representatives from Partners Real Estate, facilitating the transaction between the seller and buyer, whose identities and the selling price were not disclosed.

Players

Michael Keegan

Partners Real Estate

Broker

10 deals

Broker
Partners Real Estate
Partners Real EstateBrokerage

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