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16525 Old Houston Road

Chris Turner & Patrick McKiernan Sell Industrial Property On 32 Acres In Conroe To Omega Morgan
SOLDIndustrial

Chris Turner & Patrick McKiernan Sell Industrial Property On 32 Acres In Conroe To Omega Morgan

16525 Old Houston Road

Building Size

20,000 SF

Asset Type

Industrial

Closing

Jun 16, 2026

AI

No summary available.

Players

Patrick McKiernan

First Houston Properties

Broker

$9M

vol

40 deals

Broker
Patrick McKiernan

Patrick McKiernan

Seller

$9M

vol

40 deals

Seller

Conroe 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