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13470 Fm 529 Road

Clay Pritchett Represents Buyer In Sale Of Houston Industrial Property
SOLDIndustrial

Clay Pritchett Represents Buyer In Sale Of Houston Industrial Property

13470 Fm 529 Road & 13486 Fm 529 Road

Building Size

19,928 SF

Asset Type

Industrial

Closing

Jun 3, 2024

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:

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.

Players

Matt Rogers

Oxford Partners

Broker

$30M

vol

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