Updated Oct 29, 2024
GKCG Properties Acquires 6,000 SF Industrial Property On Telge Road In Cypress
16643 Telge Rd, Cypress, TX 77429, USA
Building Size
6,000 SF
Asset Type
Industrial
Closing
Jul 28, 2020
About this deal
AI
Located at 16643 Telge Road in Cypress, this industrial property has been recently sold. The transaction took place on July 29, 2020, and the asset consists of 6,000 square feet. The property was sold by JDFM Telge LLC and purchased by GKCG Properties. The seller was represented by Travis Land & A.J. Williams from NAI Partners, while the buyer was represented by Jared Clayton from GKCG Properties.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 16643 Telge Road
- Market: Cypress
- Seller: JDFM Telge LLC
- Buyer: GKCG Properties
- Seller's Representative: Travis Land & A.J. Williams - NAI Partners
- Buyer's Representative: Jared Clayton - GKCG Properties
- Square Footage: 6,000
The industrial property on Telge Road in Cypress offers a unique investment opportunity. With a total area of 6,000 square feet, this property presents various possibilities for the new owner. The deal involved key individuals and companies including JDFM Telge LLC, GKCG Properties, and their representatives Travis Land, A.J. Williams, and Jared Clayton. The successful transaction highlights the potential of this property within the Cypress market.
Players
Cypress 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