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11407 Charles Road

Illinois 3 Properties LLC Acquires 22813 Square Foot Industrial Building In Houston
SOLDIndustrial

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:

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

Andrew Laycock

Partners Real Estate

Broker

12 deals

Broker
Partners Real Estate
Partners Real EstateBrokerage

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