TTD Houston Realty LLC Acquires Industrial Property From CLARK-ELLIOT LLC In Houston
175 Southbelt Industrial Dr, Houston...
Building Size
171,848 SF
Asset Type
Industrial
Closing
Nov 19, 2023
AI
A distribution center located at 175 Southbelt Industrial Drive in Houston has been sold. The property encompasses 171,848 square feet, and the transaction took place in the Houston market.
Summary of transaction details:
- Property Type: Distribution Center
- Transaction Amount: Not disclosed
- Address: 175 Southbelt Industrial Dr, Houston
- Square Footage: 171,848
- Buyer: TTD Houston Realty LLC
- Seller: CLARK-ELLIOT LLC
- Buyer's Representative: Clay Pritchett - NAI Capital
- Seller's Representatives: Derek Russell and Larry Gray - Oxford Partners
The buyer, TTD Houston Realty LLC, is a subsidiary of East-West Furniture LLC, an online furniture importer and distributor based in New England. The company plans to move its entire operation from the Boston area to this new location in Houston.
Players
Houston Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
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