Interglass Corp Acquires 62,234 SF Industrial Property In Houston From Gauge North Central Logistics LLC
10355 Deer Trail Drive
Building Size
62,234 SF
Asset Type
Industrial
Closing
Oct 31, 2023
AI
A 62,234 square foot industrial property located at 10355 Deer Trail Drive in Houston, Texas has been sold within Pinto Business Park. The property was developed by Gauge Real Estate Partners and purchased by Interglass Corp, a wholesale glass distribution company based in Florida.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 10355 Deer Trail Drive
- Market: Houston
- Size: 62,234 square feet
Representing the seller, Robert McGee and Austin Bartula from Lee & Associates facilitated the sale of the industrial property. Lee & Associates is a real estate agency that announced the successful transaction.
Note: Lee & Associates has not provided any additional details regarding the sale of the property.
Players
Houston Industrial Market Snapshot
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