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
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