Colliers Represents Buyer Chase Spence & Jeff Peltier In Sale Of Industrial Building In Houston
510 South Sam Houston Parkway East
Building Size
64,881 SF
Asset Type
Industrial
Closing
Aug 5, 2025
AI
A newly built industrial property located at 510 South Sam Houston Parkway East spans 64,881 square feet and sits on 4.7 acres within the Houston market. This property features a spec industrial building and is part of a closed transaction.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Address: 510 South Sam Houston Parkway East
- Market: Houston
- Asset Size: 64,881 square feet
- Land Area: 4.7 acres
- Buyer's Representative: Chase Spence & Jeff Peltier - Colliers
- Seller's Representative: Travis Land & A.J. Williams - Partners Real Estate
The transaction was brokered by Partners Real Estate, with Travis Land and A.J. Williams representing the seller. Chase Spence and Jeff Peltier of Colliers acted as the buyer's representatives, while both parties remain anonymous.
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