Updated Oct 28, 2024
Porter Powers Acquires Industrial Property In Houston With Brokers Ferruzzo & Peterson
12306 Shiloh Church Road, Houston, TX, USA
Building Size
77,500 SF
Asset Type
Industrial
Closing
Jun 6, 2020
About this deal
AI
The industrial property located at 12306 & 12310 Shiloh Church Road in Houston has been sold. The transaction took place on June 6, 2021, with a total square footage of 77,500. The property was listed on Instagram with a picture featuring John Ferruzzo, Brad Porter, Kevin Powers, and Nick Peterson.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 12306 & 12310 Shiloh Church Road, Houston
- Market: Houston
- Square Footage: 77,500
The buyer in this transaction was Porter Powers, represented by Brad Porter and Kevin Powers. The brokers involved in the deal were John Ferruzzo and Nick Peterson from Transwestern.
On the Map
Industrial
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Players
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