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:
- Property Type: Industrial
- Transaction Amount: Not provided
- Market: Houston
- Seller: Brett Merz & Gio Cordoves - KBS
- Brokers: Brooke Petzold, Charlie Strauss, Lance Young & Trent Agnew - JLL
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
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