Updated Oct 29, 2024
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
About this deal
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.
On the Map
Industrial
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Players
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