Updated Dec 4, 2024
Jim Rock Of Avison Young Acquires Industrial Building In Houston As Buyer's Rep
12543 Perry Road
Building Size
21,250 SF
Asset Type
Industrial
Closing
Mar 14, 2024
About this deal
AI
An industrial building spanning 21,250 square feet, with 21-foot clear heights and 11 drive-in doors, situated at 12543 Perry Road in northwest Houston has been successfully sold. The transaction involved the representation of the seller by Jason Gibbons and Tyler Holt from Finial Group, with the buyer being represented by Jim Rock from Avison Young.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 12543 Perry Road
- Market: Houston
- Square Footage: 21,250
- Acres: 1.4
- Seller's Rep: Jason Gibbons & Tyler Holt - Finial Group
- Buyer's Rep: Jim Rock - Avison Young
The sale of the industrial building at 12543 Perry Road was facilitated by Finial Group, with Jason Gibbons and Tyler Holt representing the seller. On the other side of the deal, Jim Rock from Avison Young acted as the representative for the undisclosed buyer, with both parties opting to maintain their anonymity throughout the transaction.
On the Map
Industrial
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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