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15825 Tomball Pkwy Houston,...

Rycore Capital Acquires Industrial Property In Houston For $Undisclosed
SOLDIndustrial

Rycore Capital Acquires Industrial Property In Houston For $Undisclosed

15825 Tomball Pkwy Houston, TX 77086, USA

Building Size

101,584 SF

Asset Type

Industrial

Closing

Jul 27, 2023

AI

An industrial property located at 15825 Tomball Parkway in Houston has been sold. The property spans an area of 101,584 square feet, making it a substantial asset in the market.

Summary of transaction details

  • Property Type: Industrial
  • Square Footage: 101,584
  • Address: 15825 Tomball Parkway, Houston

Rycore Capital, represented by Jack Nini and Ryan Urech, acquired the property. They saw the potential in this industrial asset and decided to make a move in the market. On the other side of the deal, Troup Rolland and Matt Cooper of Capital Real Estate Commercial represented the seller, bringing their expertise to facilitate the transaction.

Players

Troup Rolland
Verified Badge

Troup Rolland

Capital Real Estate Commercial⁠

Broker

$8.2M

vol

27 deals

Broker
RC
Rycore CapitalBuyer

Texas 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