SOLDIndustrial
M-Tech Electric LLC Acquires 9,283 SF Industrial Building In Houston Via Hunter Stockard & Wyatt Huff
10959 Cutten Road
Building Size
9,283 SF
Asset Type
Industrial
Closing
Feb 23, 2024
AI
An industrial building spanning 9,283 square feet located at 10959 Cutten Road in Houston has been sold. The property in northwest Houston was acquired by M-Tech Electric LLC.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not Disclosed
- Buyer: M-Tech Electric LLC
- Address: 10959 Cutten Road
- Market: Houston
Hunter Stockard and Wyatt Huff from Partners Real Estate acted as the buyer's representatives in the transaction. The undisclosed seller was represented by Nick Bergmann from CBRE.
Players
Houston 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