Crow Holdings Acquires Property At 10700 Telge Rd Houston From Albertsons With Buyer's Representative Cory Driskill
10700 Telge Rd, Houston, TX, 77095
Building Size
700,644 SF
Asset Type
—
Closing
Nov 19, 2023
About this deal
AI
The property asset involved in this transaction is located at 10700 Telge Rd, Houston, TX, 77095. The transaction includes a substantial square footage of 700,644. The market value pertains to Houston. The seller is identified as Albertsons.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: Not disclosed
- Address: 10700 Telge Rd, Houston, TX, 77095
- Market: Houston
- Buyer: Crow Holdings
- Seller: Albertsons
- Buyer's Representative: Cory Driskill
This transaction involves key participants including Crow Holdings as the buyer, with representation by Cory Driskill, while Albertsons stands as the seller in the deal. The transaction highlights the involvement of specific brokerage parties without rehashing the financial details or property specifications previously mentioned.
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Players
Houston CRE Market Snapshot
Boundary boundary · CRE · 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