Updated Oct 28, 2024
Adkisson Group Sells Industrial Property In Tomball For $UndisclosedM
Service Center Drive, Houston, TX 77095
Building Size
16,000 SF
Asset Type
Industrial
Closing
Jul 18, 2020
About this deal
AI
An industrial property located at 13915 Service Center Drive in Tomball has been sold. The property, with a total square footage of 16,000, was sold on July 18, 2021. The seller of the property was the Adkisson Group. The transaction was facilitated by Travis Land from NAI Partners.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Not mentioned
- Address: 13915 Service Center Drive, Tomball
- Market: Tomball
- Square Footage: 16,000
Travis Land from NAI Partners represented the seller, the Adkisson Group, 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