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
Houston Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
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