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14199 Westfair East Drive

Immobile Industrial LLC Acquires 41000 Square Foot Industrial Property In Houston
SOLDIndustrial

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:

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

Matt Rogers

Oxford Partners

Broker

$30M

vol

12 deals

Broker
NAI Global
NAI GlobalBrokerage

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