Updated Oct 29, 2024
Classic Chevrolet Of Sugar Land Acquires Property From SES Properties LLC In Houston
10000 W Airport BLVD, Houston, TX 77031
Building Size
49,100 SF
Asset Type
Industrial
Closing
Nov 20, 2023
About this deal
AI
The property involved in this transaction is a 49,100-square-foot industrial asset located at 10000 W Airport Blvd, Houston, TX. This property spans 5.8 acres and was constructed in 1980. It is situated within the Houston market.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Address: 10000 W Airport Blvd, Houston, TX
- Market: Houston
- Seller: SES Properties LLC
- Seller's Representative: Griff Bandy - NAI Capital
- Buyer: Classic Chevrolet of Sugar Land
- Buyer's Representative: Tiffany Sebastian - RE/max Vintage
Chris Caudill and Griff Bandy from NAI Partners represented the seller in this transaction, ensuring the sale proceeded smoothly. Tiffany Sebastian from RE/max Vintage acted on behalf of the buyer, thereby facilitating the acquisition of the property by Classic Chevrolet of Sugar Land.
On the Map
Industrial
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Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93