Pacific Acquisitions Purchases Industrial Asset From Reed Vestal And John Erck In Houston
5115 South Shaver Street
Building Size
169,677 SF
Asset Type
Industrial
Closing
Oct 11, 2024
AI
The property involved in this transaction is an industrial asset located at 5115 South Shaver Street in Houston, encompassing a total square footage of 169,677. The recent sale marks a significant transaction within the industrial market.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 5115 South Shaver Street
- Market: Houston
- Square Footage: 169,677
- Buyer: Pacific Acquisitions
- Seller: Reed Vestal & John Erck - Junction Commercial Real Estate
- Brokers: Nathan Wynne & Elliott Dow - CBRE
Key individuals in this transaction include the buyer, Pacific Acquisitions, and sellers Reed Vestal and John Erck, who are affiliated with Junction Commercial Real Estate. The brokers representing the deal are Nathan Wynne and Elliott Dow from CBRE, facilitating the transaction.
Houston Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
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