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15255 Gulf Freeway

Updated Mar 5, 2025

Partners Capital Acquires Dixie Farm Business Park Industrial Property With Financing From Veritex Community Bank
SOLDIndustrial

Partners Capital Acquires Dixie Farm Business Park Industrial Property With Financing From Veritex Community Bank

15255 Gulf Freeway

Building Size

196,000 SF

Asset Type

Industrial

Closing

Jan 23, 2025

About this deal

AI

The industrial property involved in this transaction is located at 15255 Gulf Freeway in Houston. The asset spans 196,000 square feet and was 96% leased at the time of the sale. The property is part of the Dixie Farm Business Park and was acquired without disclosure of the seller or transaction price.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not disclosed
  • Buyer: Partners Capital
  • Lender: Veritex Community Bank
  • Leasing Status: 96% leased

Partners Capital plans to implement a value-add program for the property following the acquisition. The financing for the purchase was secured through Veritex Community Bank, indicating a financial partnership in the transaction.

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Players

PI
Partners Capital Inc.Buyer
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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

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