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4321 West Sam Houston Parkw...

KBS Sells Clay Crossing Business Center Industrial Property In Houston To Investor
SOLDIndustrial

KBS Sells Clay Crossing Business Center Industrial Property In Houston To Investor

4321 West Sam Houston Parkway North

Building Size

222,750 SF

Asset Type

Industrial

Closing

Apr 4, 2024

AI

Clay Crossing Business Center is a four-building, 222,750-square-foot light industrial property located at 4321 West Sam Houston Parkway North in Houston, Texas. The property reflects investor interest in high-quality commercial properties in major Texas markets, highlighting Houston's robust job growth and desirable Northwest submarket location.

Summary of transaction details:

KBS sold the Clay Crossing Business Center in Houston, Texas, with JLL representing them in the transaction. The sale underscores the attractiveness of high-quality commercial properties in major Texas markets, particularly in Houston's Northwest submarket. The deal involved key individuals from both KBS and JLL, highlighting the collaborative effort in successfully closing the transaction.

Players

Charlie Strauss

JLL

Broker

30 deals

Broker

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