Fort Capital Acquires Industrial Property In Houston For $72M With Loan
FINANCED
$72,000,000
Texas
See Similar DealsIndustrial711,399 SF
Financed 10/03/2022
FINANCED
Fort Capital Acquires Industrial Property In Houston For $72M With Loan
10694 Haddington Drive, Houston, Texas 77043, United States
See Similar DealsIndustrial711,399 SF
Financed 10/03/2022
Summary
TEXAS
Asset Type:Industrial
Price Per Square Foot:$101
Total Square Footage:711,399 SF
Transaction Type:Loan
Fort Capital has acquired an industrial property located at 10694 Haddington Drive in Houston. The property spans 711,399 square feet, making it a substantial asset in the market.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $72,000,000
- Address: 10694 Haddington Drive, Houston
- Market: Houston
- Landlord: Fort Capital
- Landlord's Representative: Cullen Aderhold - JLL Capital Markets
- Loan Type: Acquisition
Cullen Aderhold from JLL Capital Markets represented Fort Capital in securing a loan of $72,000,000 for the acquisition. This loan will facilitate the successful completion of the transaction, allowing Fort Capital to expand its industrial portfolio in Houston.
Players
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
$72,000,000.00
Monthly NOI$480,000.00
Monthly Debt Service$455,088.98
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions