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13233 North Eldridge Parkway

Hernandez Office Supply Acquires 10,000 Square Foot Industrial Building In Cypress Texas
SOLDIndustrial

Hernandez Office Supply Acquires 10,000 Square Foot Industrial Building In Cypress Texas

13233 North Eldridge Parkway

Building Size

10,000 SF

Asset Type

Industrial

Closing

Feb 28, 2025

AI

An industrial property, built in 2024, located at 13233 North Eldridge Parkway in Cypress, Texas, encompasses a total area of 10,000 square feet. The recent sale involved this asset transitioning into new ownership.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not disclosed
  • Address: 13233 North Eldridge Parkway, Cypress, Texas
  • Square Footage: 10,000 SF
  • Buyer: Hernandez Office Supply
  • Buyer's Representative: Jeffery Arnaud - Oxford Partners
  • Seller's Representative: Darren O’Conor - Partners Real Estate

The transaction was facilitated by Jeffery Arnaud, representing the buyer, Hernandez Office Supply, while Darren O'Conor acted as the seller's representative. The details of the seller were not disclosed in this transaction.

Players

Darren O’Conor

Partners Real Estate

Broker

13 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