TDE Holdings Acquires ±15,000 SF Industrial Property In Stafford From Omnova Solutions
13347 Pike Road
Building Size
15,000 SF
Asset Type
Industrial
Closing
Oct 24, 2023
AI
A ±15,000 square foot industrial property located at 13347 Pike Road in Stafford, Texas has been sold. The property sits on ±2.38 acres and was purchased by TDE Holdings, represented by Gerhard Thonhauser. The seller of the property was Omnova Solutions, represented by Anne Noonan.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 13347 Pike Road
- Market: Stafford
- Square Footage: 15,000
- Acres: 2.38
The buyer's representative in this transaction was AJ Williams from Partners, while Jon Lindenberger and Ray Lopez from Colliers represented the seller. Colliers, the brokerage firm, has announced the successful sale of this industrial property.
Players
Stafford Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
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