W E Mauney LLC Acquires Industrial Property From KTB Properties LLC In Tomball Texas
2121 South Persimmon Street
Building Size
16,141 SF
Asset Type
Industrial
Closing
Oct 1, 2024
AI
The property involved in the transaction is a 16,141-square-foot industrial asset located at 2121 South Persimmon Street in Tomball, Texas. The property spans across 2.52 acres and is part of a market that is currently 91.8% occupied. This industrial space features ample room for outside storage, allowing the buyer to consolidate three businesses into a single location.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Buyer: W E Mauney LLC
- Seller: KTB Properties LLC
- Buyer's Representative: Al Gosen - Texas United Realty
- Seller's Representative: Tom Condon Jr. - Colliers
Colliers facilitated the sale, ensuring a successful transaction between the buyer, W E Mauney LLC, and the seller, KTB Properties LLC. The involvement of Al Gosen and Tom Condon Jr. highlights the expertise provided by both Texas United Realty and Colliers in executing this deal.
Tomball 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