Updated Oct 28, 2024
Amherst 1031 Acquires Industrial Property In Houston
16518 Aldine Westfield Road, Houston, TX 77032, USA
Building Size
8,000 SF
Asset Type
Industrial
Closing
Nov 9, 2021
About this deal
AI
Todd Moore & Travis Land have completed a sale transaction for an industrial property in Houston. The property, located at 16518 Aldine Westfield, spans 8,000 square feet and sits on a 0.95-acre lot.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Not provided
- Market: Houston
- Address: 16518 Aldine Westfield
- Acres: 0.95
- Square Footage: 8,000
Todd Moore of Colliers represented the buyer, Amherst 1031, in the transaction. Travis Land of NAI Partners acted as the seller's representative for Kaybay Investments.
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