Updated Oct 28, 2024
Grubbs Volvo Cars Central Houston Acquires Industrial Property In Houston From 3724 Dacoma Partners Ltd
3724 Dacoma Street, Houston, Texas 77092, United States
Building Size
32,886 SF
Asset Type
Industrial
Closing
Oct 27, 2022
About this deal
AI
Grubbs Volvo Cars Central Houston has recently acquired an industrial property located at 3724 Dacoma St in Houston. The property, spanning approximately 32,886 square feet, was sold by 3724 Dacoma Partners Ltd.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 3724 Dacoma St
- Market: Houston
- Buyer: Grubbs Volvo Cars Central Houston
- Seller: 3724 Dacoma Partners Ltd
- Buyer's Representative: Bill Bledsoe - Henry S. Miller Brokerage
- Seller's Representatives: Heath Donica & Jack Rathe - Stream Realty Partners
The acquisition was facilitated by Bill Bledsoe from Henry S. Miller Brokerage, who represented Grubbs Volvo Cars Central Houston in the transaction. The seller, 3724 Dacoma Partners Ltd, was represented by Heath Donica and Jack Rathe from Stream Realty Partners.
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