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14724 Almeda School Road

Edge Realty Partners Brokers Sale Of 14.4K SF Industrial Building In Pearland, Houston
SOLDIndustrial

Edge Realty Partners Brokers Sale Of 14.4K SF Industrial Building In Pearland, Houston

14724 Almeda School Road

Building Size

14,410 SF

Asset Type

Industrial

Closing

Jan 5, 2024

AI

A 14,410-square-foot industrial building located at 14724 Almeda School Road in Pearland, a suburb of Houston, has been sold in a recent transaction. The property sits on 2.4 acres of land and features 28-foot clear heights and five dock-high loading doors. The buyer and sales price of the single-tenant building were not disclosed. The transaction was brokered by Chace Henke and Micha Van Marcke of Edge Realty Partners.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: Not disclosed
  • Square Footage: 14,410
  • Address: 14724 Almeda School Road
  • Market: Pearland, Houston
  • Acres: 2.4

Chace Henke and Micha Van Marcke, representatives of Edge Realty Partners, facilitated the sale of the industrial building. The seller's identity remains undisclosed. The property's features, including its generous square footage and convenient loading facilities, likely contributed to its appeal in the market.

Players

Chace Henke

Edge Realty Partners

Broker

9 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