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11505 Todd Street

Finial Group Facilitates Sale Of 21879 Square Foot Industrial Warehouse In Houston
SOLDIndustrial

Finial Group Facilitates Sale Of 21879 Square Foot Industrial Warehouse In Houston

11505 Todd Street

Building Size

Asset Type

Industrial

Closing

May 15, 2025

AI

A 21,879-square-foot warehouse located at 11505 Todd Street was sold in the Houston market. This industrial property, constructed in 1953, was designed as a single-tenant facility, and the identities of both the buyer and seller have not been disclosed.

Summary of transaction details:

Finial Group played a key role in facilitating the transaction of this property, ensuring the sale proceeded smoothly while keeping the participating parties' identities confidential.

Players

William Alcorn

Finial Group

Broker

6 deals

Broker

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