Pillar Investment Group Acquires Industrial Facility In Houston With Oxford Partners
21315 Inverness Forest Boulevard
Building Size
8,100 SF
Asset Type
Industrial
Closing
Jun 24, 2024
AI
An 8,100-square-foot industrial facility located at 21315 Inverness Forest Blvd in North Houston has been sold. The property, built in 2014, features 28-foot clear heights.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Address: 21315 Inverness Forest Boulevard
- Market: Houston
Oxford Partners facilitated the sale, with Julia Ly and Matt Rogers representing Pillar Investment Group as the buyers. The sellers were confidentially represented by Mike Taetz from Colliers.
Players
Houston 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