Updated Dec 4, 2024
Finial Group Brokers Sale Of 190.7K SF Industrial Park In Houston
Vantage Parkway East
Building Size
190,714 SF
Asset Type
Industrial
Closing
Jan 23, 2024
About this deal
AI
A family office has sold a 190,714-square-foot industrial park in North Houston to a private equity group. The industrial park consists of nine buildings situated on a 15.1-acre site. The transaction was brokered by Houston's Finial Group.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Undisclosed
- Square Footage: 190,714
- Acres: 15.1
- Address: 1531-15342 Vantage Parkway East, Houston
The sale of the industrial park in North Houston was facilitated by Finial Group, a Houston-based brokerage firm. Chase Tucker, Dylan Schopper, Jack Gaffney, John Buckley, and Keith Bilski, representing Finial Group, acted as the brokers in the transaction.
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