JTL Logistics Inc Acquires 10824 Kingspoint Rd Shopping Center In Houston
10824 Kingspoint Rd, Houston, TX, 77...
Building Size
12,500 SF
Asset Type
Commercial
Closing
Nov 22, 2023
AI
The property involved in the transaction is a 12,500-square-foot shopping center located at 10824 Kingspoint Road in Houston. At the time of the sale, the property was 100 percent occupied. Ryan Neyland of Davis Commercial represented the seller, Chimera Holdings LLC, in the deal. The buyer of the property was JTL Logistics Inc.
Summary of transaction details:
- Property Type: Commercial
- Transaction Amount: Not provided
- Address: 10824 Kingspoint Rd, Houston, TX, 77075
- Market: Houston
- Seller's Rep: Ryan Neyland - Davis Commercial
- Buyer: JTL Logistics Inc
- Square Footage: 12,500
Davis Commercial facilitated the sale of the shopping center, actively representing the seller, Chimera Holdings LLC, in the transaction. JTL Logistics Inc emerged as the buyer in this closed property deal.
Players
Houston Commercial Market Snapshot
Boundary boundary · Commercial · 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