Updated Dec 21, 2023
Matt Franke Of Northmarq Secures $10.5M Refinancing Loan For Industrial Property In Houston
6989 West Little York Road, Houston, Texas 77092, United States
$10,500,000
$86/SF
Building Size
120,900 SF
Asset Type
Industrial
Closing
Sep 19, 2022
About this deal
AI
Located at 6989-6999 W. Little York Rd. in Houston, this industrial property covers an area of approximately 120,900 square feet. The transaction involves a refinancing loan for the property.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $10,500,000
Matt Franke from Northmarq represented the parties involved in this deal. The loan obtained for the property amounted to $10,500,000 and was used for refinancing purposes.
The industrial loan at 6989 West Little York Road, Houston, Texas 77092, United States in Houston, Texas financed for $10.5M in 2022. The building is 120,900 square feet, implying about 86 per square foot on the published price. Matt Franke, NorthMarq appear on the loan alongside NorthMarq. This page is the Houston, Texas file for the 6989 West Little York Road, Houston, Texas 77092, United States industrial financed: pricing, party profiles, and other closed industrial comps from the same Houston sit in the Market section below. Filter that Houston industrial set by closing date to see what else financed near 6989 West Little York Road, Houston, Texas 77092, United States around 2022. Published consideration for 6989 West Little York Road, Houston, Texas 77092, United States is $10.5M, dated 2022. Cite this Matt Franke Of Northmarq Secures $10.5M Refinancing Loan For Industrial Property In Houston loan when underwriting similar industrial product around Houston, Texas.
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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
1.51%
Cash-on-Cash
-0.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93