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Gearment Investment LLC Acquires 50,000-Square-Foot Cold Storage Facility In Sugar Land From Mainna Investments LP
SOLD
Texas
See Similar DealsSelf Storage50,000 SF
Sold 06/28/2023
SOLD
Gearment Investment LLC Acquires 50,000-Square-Foot Cold Storage Facility In Sugar Land From Mainna Investments LP
12501 Cardinal Meadow DrSugar Land, TX 77478, USA
See Similar DealsSelf Storage50,000 SF
Sold 06/28/2023
Summary
TEXAS
Asset Type:Self Storage
Price Per Square Foot:$0
Total Square Footage:50,000 SF
Transaction Type:Sale
A 50,000-square-foot cold storage facility located at 12501 Cardinal Meadow Drive in Sugar Land Business Park, Houston, has been sold. The property, built in 2000, was part of a recent transaction brokered by Partners Real Estate. The buyer, Gearment Investment LLC, purchased the facility from Mainna Investments LP.
Summary of transation details
- Property Type: Self Storage
- Transaction Amount: Not specified
- Address: 12501 Cardinal Meadow Drive
- Market: Sugar Land
- Buyer: Gearment Investment LLC
- Seller: Mainna Investments LP
- Buyer's Representative: Will Austin - Bridge Commercial
- Seller's Representatives: Chris Caudill - Partners Real Estate; John Ferruzzo - Transwestern
The sale of the cold storage facility was successfully facilitated by Partners Real Estate. The deal involved key individuals such as Will Austin from Bridge Commercial, representing the buyer Gearment Investment LLC, and Chris Caudill from Partners Real Estate and John Ferruzzo from Transwestern, representing the seller Mainna Investments LP.
Players
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$0.00
Debt Service Coverage Ratio (DSCR)
0.00x
Cap Rate
0.00%
Cash Flow (Annual)$0.00
Cash-on-Cash Return0.00%
Monthly Debt Service$0.00
Annual Debt Service$0.00
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