Fort Capital Acquires Industrial Portfolio In Houston For $60M Loan
FINANCED
$60,000,000
Texas
See Similar DealsIndustrial673,679 SF
Financed 10/26/2022
FINANCED
Fort Capital Acquires Industrial Portfolio In Houston For $60M Loan
10606 Hempstead Road, Houston, Texas 77092, United States
See Similar DealsIndustrial673,679 SF
Financed 10/26/2022
Summary
TEXAS
Asset Type:Industrial
Price Per Square Foot:$89
Total Square Footage:673,679 SF
Transaction Type:Loan
An industrial property located at 10606, 10612-10616 Hempstead Road, 2517-2523 Fairway Park Dr., 11000 Stancliff, 10925 Kinghurst, 10325 Landsbury Dr., 3727 Greenbriar Dr., 10610-10630 Rockley Road, 902-910 & 912-930 Gemini Street in Houston has recently been involved in a closed transaction. The property spans a total area of 673,679 square feet.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $60,000,000
- Loan Type: Acquisition Loan
- Landlord: Fort Capital - Chris Powers, Jr & Jason Baxter
- Broker: Cullen Aderhold - JLL
Cullen Aderhold from JLL represented the buyer in securing a $60,000,000 acquisition loan for the property. This loan will facilitate the acquisition of the industrial asset.
Players
LANDLORD
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Lenders
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$60,000,000.00
Monthly NOI$400,000.00
Monthly Debt Service$379,240.81
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions