Updated Dec 4, 2024
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
About this deal
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.
Traded’s record for 21315 Inverness Forest Boulevard in Houston, Texas covers a industrial sale from 2024. The building is 8,100 square feet, implying about 0 per square foot on the published price. Matt Rogers, Mike Taetz, Julia Ly, Colliers appear on the sale alongside Colliers, Oxford Partners. This page is the Houston, Texas file for the 21315 Inverness Forest Boulevard industrial sold: pricing, party profiles, and other closed industrial comps from the same Houston sit in the Market section below. Filter that Houston industrial set by closing date to see what else sold near 21315 Inverness Forest Boulevard around 2024. Cite this Pillar Investment Group Acquires Industrial Facility In Houston With Oxford Partners sale when underwriting similar industrial product around Houston, Texas.
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