Updated Dec 4, 2024
Marcus & Millichap Capital Corporation Arranges $5 Million Loan For Industrial Property In Houston
14830 Talcott Road
$5,000,000
$44/SF
Building Size
112,700 SF
Asset Type
Industrial
Closing
Jul 16, 2024
About this deal
AI
A 112,700-square-foot industrial property located at 14830 Talcott Road in the Houston market was financed for a multinational company in the flour and protein concentrates sector. The loan amount secured for this asset is $5 million, featuring a 20-year term with an 8% interest rate and a 20-year amortization schedule.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $5,000,000
- Address: 14830 Talcott Road
- Market: Houston
- Asset Size: 112,700 SF
- Loan Terms: 20-year loan with an 8% interest rate and 20-year amortization
- Broker: Adam Pike - Marcus & Millichap
Marcus & Millichap Capital Corporation played a key role in arranging the financing for this transaction, securing favorable loan terms despite prevailing market conditions. Adam Pike represented the interests of the involved parties in this significant deal.
Players
Houston Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93