Updated Oct 29, 2024
Affinius Capital Originates $90.6M Acquisition Loan For Houston Industrial Park
Fairbanks North Houston Road Houston, TX 77040, USA
$90,600,000
$90/SF
Building Size
1,000,000 SF
Asset Type
Industrial
Closing
Jul 24, 2023
About this deal
AI
An industrial park located on Fairbanks North Houston Road in Houston, TX, has been acquired through a joint venture sponsored by Dalfen Industrial. The park spans one million square feet, making it ideal for tenants seeking accessibility to the Port of Houston and the growing Houston Metro region.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $90,600,000
- Address: Fairbanks North Houston Road
- Market: Houston
- Square Footage: 1,000,000
Affinius Capital, represented by Tom Burns, provided a $90.6 million acquisition loan for the industrial park. Dalfen Industrial served as the landlord in this transaction.
Players
Humble 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
0.18%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93