Updated Dec 4, 2024
Clay Pritchett Represents Buyer In Sale Of Houston Industrial Property
13470 Fm 529 Road & 13486 Fm 529 Road
Building Size
9,964 SF
Asset Type
Industrial
Closing
Jun 3, 2024
About this deal
AI
An approximately 10,000-square-foot industrial property in northwest Houston has been sold, consisting of two buildings totaling 5,643 and 4,321 square feet respectively, located at 13470 and 13486 FM 529.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 13470 Fm 529 Road & 13486 Fm 529 Road
- Market: Houston
- Seller: Mbella Properties
- Buyer's Rep: Clay Pritchett - Partners Real Estate
- Seller's Rep: Matt Rogers & Nathan Buckhoff - Oxford Partners
Oxford Partners, a Houston-based brokerage firm, facilitated the sale of the aforementioned industrial property. Nathan Buckhoff and Matt Rogers represented Mbella Properties, the seller, while Clay Pritchett from Partners Real Estate acted as the buyer's representative in this transaction.
On the Map
Industrial
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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