Updated Oct 29, 2024
LoRey Properties Acquires Warehouse In Houston For $13.7K SF
4750 Irvington Blvd, Houston, TX 77009, USA
Building Size
13,740 SF
Asset Type
Industrial
Closing
Aug 17, 2020
About this deal
AI
The warehouse located at 4750 Irvington Boulevard in Houston has been sold in a recent transaction. The property spans a total of 13,740 square feet and was part of a closed sale on August 18, 2020. The warehouse, owned by Ruiz Wholesale Co, was acquired by LoRey Properties LLC.
Summary of transation details
- Property Type: Warehouse
- Transaction Amount: Not specified
- Square Footage: 13,740
- Address: 4750 Irvington Boulevard
- Market: Houston
Representing the seller, Ruiz Wholesale Co, was Chris Dray from NewQuest Properties. On the buyer's side, LoRey Properties LLC was represented by their agent, Juan Miranda from Mission Realty.
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