Updated Jul 25, 2025
Leo Addimando Of Alterra IOS Acquires 3.7 Acre Industrial Facility In Houston
1960 South Starpoint Drive
Building Size
—
Asset Type
Industrial
Closing
Jul 23, 2025
About this deal
AI
Alterra IOS acquired a 3.7-acre industrial outdoor storage facility located at 1960 South Starpoint Drive in the Houston market. The site includes two warehouses totaling 17,880 square feet and is fully leased, with proximity to George Bush International Airport.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Undisclosed
- Address: 1960 South Starpoint Drive
- Market: Houston
- Acres: 3.7
- Buyer: Leo Addimando - Alterra IOS
- Broker: Jack Zalta & Emil Shabot - KSR NY
Jack Zalta of KSR NY brokered the deal, representing the buyer. The seller's identity and the transaction price remain undisclosed.
On the Map
Industrial
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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