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5115 South Shaver Street

Pacific Acquisitions Purchases Industrial Asset From Reed Vestal And John Erck In Houston
SOLDIndustrial

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.

Players

Nathan Wynne

CBRE

Broker

$170.5K

vol

21 deals

Broker

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