Updated Dec 19, 2023
Welcome Group Acquires Industrial Property In Pearland By Buyer Welcome Wilson, Jr
3250 South Sam Houston Parkway East, Houston, Texas 77047, United States
Building Size
80,000 SF
Asset Type
Industrial
Closing
Mar 8, 2022
About this deal
AI
The industrial property located at 3250 South Sam Houston Parkway East in Pearland has been sold in a recent transaction. The property spans approximately 80,000 square feet and is situated on a 5-acre parcel of land. The sale took place on March 9, 2022.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: N/A
- Address: 3250 South Sam Houston Parkway East
- Market: Pearland
- Property Size: 80,000 square feet
- Land Size: 5 acres
The buyer in this transaction is the Welcome Group, represented by Welcome Wilson, Jr. Welcome Wilson, Jr. acted as the buyer's representative in the deal.
Players
Houston Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Deal FAQ
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