Immobile Industrial LLC Acquires 41000 Square Foot Industrial Property In Houston
14199 Westfair East Drive
Building Size
41,000 SF
Asset Type
Industrial
Closing
Jan 17, 2025
AI
The property asset involved in the transaction is a 41,000-square-foot industrial building located at 14199 Westfair East Drive in Houston. The specific market value of the property has not been disclosed.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Address: 14199 Westfair East Drive
- Market: Houston
- Square Footage: 41,000
- Buyer: Immobile Industrial LLC
- Buyer's Representative: Matt Rogers & Perry Mazzone - Oxford Partners
- Seller's Representative: Gray Gilbert, Hunter Stockard & Wyatt Huff - Partners Real Estate
This transaction involved the representation of the buyer by Oxford Partners, specifically through representatives Matt Rogers and Perry Mazzone. The seller was represented by Wyatt Huff, Hunter Stockard, and Gray Gilbert of Partners Real Estate. The deal showcases the collaboration between these professionals in facilitating the transfer of the property.
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