Farouk Saleh Acquires Industrial Property In Houston With Oxford Partners As Buyer's Rep
Wyman Gordon Dr
Building Size
84,651 SF
Asset Type
Industrial
Closing
Jun 12, 2024
AI
The industrial property located at 10610 Wyman Gordon Drive in Houston was successfully sold in a closed transaction. The property spans 84,651 square feet and was acquired by Farouk Saleh. The seller, Stephen Schneidau, facilitated the transaction. The deal was represented by brokers Matt Rogers and Jeffery Arnaud from Oxford Partners.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Buyer: Farouk Saleh
- Seller: Stephen Schneidau
- Brokers: Matt Rogers & Jeffery Arnaud - Oxford Partners
Oxford Partners played a crucial role in the transaction as they represented the buyer in a 1031 Exchange, showcasing their expertise in facilitating successful real estate deals.
Players
Sugar Land Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
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