Updated Oct 29, 2024
Merit Hill Capital Acquires Industrial Property In Houston
4717 Strack Road, Houston, TX, USA
Building Size
198,005 SF
Asset Type
Industrial
Closing
Jan 3, 2021
About this deal
AI
Meri Hill Capital has recently acquired an industrial property in Houston. The property, located at 4717 Strack Road, spans across 198,005 square feet. Dave Knobler from Marcus & Millichap represented Merit Hill Capital in this transaction.
Summary of transaction details:
- Property Type: Industrial
- Transaction Date: 01/04/2021
- Market: Houston
- Image: Dave Knobler
This acquisition showcases Merit Hill Capital's investment strategy in the industrial asset class. The deal was facilitated by Dave Knobler of Marcus & Millichap, who represented Merit Hill Capital throughout the transaction. The industrial property on Strack Road offers a significant square footage, contributing to its appeal in the market.
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