Updated Dec 21, 2023
Fort Capital Acquires Industrial Property In Webster, TX
1010 Hercules Avenue, Houston, Texas 77058, United States
Building Size
145,619 SF
Asset Type
Industrial
Closing
Feb 15, 2022
About this deal
AI
The industrial property located at 1010 - 1066 Hercules Ave in Webster, TX has been sold in a recent transaction. The property, spanning across approximately 145,619 square feet, was purchased by Fort Capital, represented by Jason Baxter.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 1010 - 1066 Hercules Ave, Webster, TX
- Market: Webster, TX
- Buyer: Fort Capital - Jason Baxter
The deal was completed on the 16th of February, 2022. No further information about the transaction, such as the sale price or loan amount, is available at this time.
Players
Houston Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
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