Updated Oct 29, 2024
Capital Real Estate Investments Sells Industrial Property In Houston For $UnknownM
20220 Northwest Freeway Frontage Road
Building Size
258,999 SF
Asset Type
Industrial
Closing
Sep 18, 2023
About this deal
AI
A 258,999 square foot industrial property located at 20220 Northwest Freeway Frontage Road in Houston has been sold. The property was listed by Capital Real Estate Investments and sold for an undisclosed amount.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Undisclosed
- Market: Houston
- Seller: Capital Real Estate Investments
- Seller's Representative: Troup Rolland, Matt Cooper, Carson Deer & Blake Deer - Capital Real Estate Commercial
The deal was facilitated by the seller's representatives, Troup Rolland, Matt Cooper, Carson Deer, and Blake Deer of Capital Real Estate Commercial. They played a crucial role in negotiating and finalizing the transaction, ensuring a successful sale of the industrial property.
On the Map
Industrial
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Market Industrial Market Snapshot
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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