Illinois 3 Properties LLC Acquires 22813 Square Foot Industrial Building In Houston
11407 Charles Road
Building Size
22,813 SF
Asset Type
Industrial
Closing
Jun 27, 2025
AI
Illinois 3 Properties LLC acquired an industrial building located at 11407 Charles Road in Houston, encompassing a total of 22,813 square feet. This transaction occurred in the industrial market of northwest Houston.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Address: 11407 Charles Road
- Market: Houston
- Buyer's Representative: Perry Mazzone & Ryan Hartsell - Oxford Partners
- Seller's Representative: Andrew Laycock - Partners Real Estate
In this transaction, Oxford Partners represented the buyer, Illinois 3 Properties LLC, while Partners Real Estate represented the undisclosed seller. The deal highlights the involvement of key individuals such as Perry Mazzone, Ryan Hartsell, and Andrew Laycock, who facilitated the transaction.
Players
Jersey Village 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