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12543 Perry Road

Jim Rock Of Avison Young Acquires Industrial Building In Houston As Buyer's Rep
SOLDIndustrial

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

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:

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.

Players

Jason Gibbons

Finial Group

Broker

12 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