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320 West Riley Road, Pearla...

BHVA Real Estate Holdings Acquires 105,664 SF Industrial Property In Pearland For Sale
SOLDIndustrial

BHVA Real Estate Holdings Acquires 105,664 SF Industrial Property In Pearland For Sale

320 West Riley Road, Pearland, TX, USA

Building Size

105,664 SF

Asset Type

Industrial

Closing

Dec 17, 2020

AI

Riley Road in Pearland has recently witnessed a closed industrial property sale transaction. The sold asset, spanning an area of 105,664 square feet, comprises three properties located at 320, 322, and 324 Riley Road. The deal took place on December 18, 2020.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: Not specified

The seller of the properties was 14800 Jersey Shore Drive, LLC. On the other hand, BHVA Real Estate Holdings, LLC acted as the buyer. Clay Pritchett and Zane Carman, representing NAI Partners, served as the seller's representatives in the transaction. Matt Rogers, from Oxford Partners, assumed the role of the buyer's representative.

Players

Clay Pritchett

NAI Global

Broker

13 deals

Broker
BH
BHVA Real Estate HoldingsBuyer

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