Updated Oct 28, 2024
Miller Road Properties, LLC Acquires Industrial Property In Houston For $1.25M
16190 Miller Road 1, Houston, TX, USA
$1,250,000
$92/SF
Building Size
13,530 SF
Asset Type
Industrial
Closing
Jun 11, 2020
About this deal
AI
The industrial property located at 16190 Miller Road in Houston has been sold in a recent transaction. The property, spanning across 3.28 acres, was listed for sale with an asking price of $1,250,000. The transaction was completed on June 11, 2021, and the buyer was Miller Road Properties, LLC. The seller, Jerry Hennse, successfully sold the property to the buyer.
Summary of Transaction Details
- Property Type: Industrial
- Sale Price: $1,250,000
- Address: 16190 Miller Road, Houston
- Market: Houston
- Buyer: Miller Road Properties, LLC
- Seller: Jerry Hennse
- Brokers: Patrick McKiernan & James Mashni - First Houston Properties
Patrick McKiernan and James Mashni from First Houston Properties represented the buyer and seller, respectively, in this 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
12.69%
Cash-on-Cash
-3.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93