Updated Nov 13, 2023
Blue Vista Capital Management Acquires Techniplex Business Center In Houston, Texas
16223 Park Row Dr Houston, TX 77084, USA
Building Size
—
Asset Type
Industrial
Closing
Jun 8, 2023
About this deal
AI
The Techniplex Business Center near Houston, Texas has been acquired by Blue Vista Capital Management and Rycore Capital. This joint venture marks Blue Vista Capital Management's first investment in value-add flex industrial opportunities in the Southern U.S. The property offers a strategic location and leasing potential.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Not mentioned
- Buyer: Blue Vista Capital Management - Jack Day & Brandon Goetzman; Rycore Capital
Blue Vista Capital Management and Rycore Capital have joined forces to acquire the Techniplex Business Center. This investment represents Blue Vista Capital Management's entry into the value-add flex industrial market in the Southern U.S. The property's strategic location and leasing potential make it an attractive opportunity for these partners.
Players
Texas Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Deal FAQ
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