Stag Industrial Development Acquires Property From AIV In Houston For $232950 SF
7049 West Sam Houston Pkwy N, Hou...
Building Size
232,950 SF
Asset Type
—
Closing
Nov 20, 2023
AI
The property asset involved in the transaction is located at 7049 West Sam Houston Pkwy N, Houston. It has a total square footage of 232,950 and is situated within the Houston market, representing a significant addition to the buyer's portfolio.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: Not specified
- Address: 7049 West Sam Houston Pkwy N, Houston
- Market: Houston
- Seller: AIV
- Buyer: Stag Industrial Development
- Seller's Representative: Matteson Hamilton - Stream Realty Partners
- Seller's Representative: Jon Farris - Stream Realty Partners
- Square Footage: 232950
The deal features key representatives from Stream Realty Partners, specifically Matteson Hamilton and Jon Farris, who acted as the seller's representatives, facilitating the transaction between AIV and Stag Industrial Development.
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