BEB Capital Provides $2.8M Acquisition Loan For Industrial Property At 9404 Zaka Road In Houston, TX
9404 Zaka Road
$2,800,000
$73/SF
Building Size
37,981 SF
Asset Type
Industrial
Closing
Dec 14, 2023
AI
An industrial property located at 9404 Zaka Road in Houston, TX has recently undergone a closed transaction. The property spans an area of 37,981 square feet, making it suitable for various industrial operations.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $2,800,000
- Address: 9404 Zaka Road, Houston, TX
BEB Capital, represented by Sean Silverbrook, Keyvan Ghaytanchi, and Lee Brodsky, provided a loan amount of $2,800,000 for the acquisition of this industrial property. The loan, categorized as an acquisition loan, has facilitated the purchase and expansion of the property.
BEB Capital actively lends to sponsors of value-add industrial properties throughout Texas, as stated by the company. This loan represents their continued involvement in supporting and financing the growth of industrial projects in the region.
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
5.67%
Cash-on-Cash
-1.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93