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10700 Telge Rd, Houston, TX...

Crow Holdings Acquires Property At 10700 Telge Rd Houston From Albertsons With Buyer's Representative Cory Driskill
SOLD

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

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.

Players

Cory Driskill

Broker

2 deals

Broker
Crow Holdings
Crow HoldingsBuyer

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