Updated Jul 7, 2025
Rex Industrial Partners Sells Five Buildings At Rex Road Industrial Business Park In Friendswood
Building Size
—
Asset Type
Industrial
Closing
Jul 1, 2025
About this deal
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:
- Property Type: Industrial
- Transaction Amount: Undisclosed
- Address: Rex Road
- Market: Friendswood
- Seller: Rex Industrial Partners
- Brokers: Michael Keegan & Andrew Laycock - Partners Real Estate
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
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