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
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