Updated Dec 19, 2023
Sealy & Company Acquires Industrial Property In Houston With Scott P. Sealy, Sr. As Buyer's Rep
10060 West Sam Houston Parkway South
Building Size
50,000 SF
Asset Type
Industrial
Closing
Oct 23, 2021
About this deal
AI
An industrial property located at 10060 W Sam Houston Pky S in Houston has recently been sold. The property spans an impressive 353,559 square feet, making it a significant asset in the area. The transaction took place on October 23, 2021, with Sealy & Company as the buyer. Scott P. Sealy, Sr., representing Sealy & Company, was involved in the purchase.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 10060 W Sam Houston Pky S, Houston
- Market: Houston
- Square Footage: 353,559
Sealy & Company, led by Scott P. Sealy, Sr., made the acquisition of the industrial property in Houston. The deal signifies their continued investment in the market, indicating their confidence in the potential of the property. With their knowledge and expertise in the real estate industry, Sealy & Company aims to maximize the value of this asset.
Players
Houston Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Deal FAQ
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