OFS Global Holdings Sells 31.62 Acres Of Industrial Land In Houston Represented By Colliers
5308 Oates Road
Building Size
—
Asset Type
Industrial
Closing
Nov 26, 2024
AI
31.62 acres of industrial outdoor storage located at 5308 Oates Road in Houston was sold, featuring 23,000 square feet of improvements. The market value reflects its significant development potential and connectivity to Loop 610 and Port Houston.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 5308 Oates Road
- Market: Houston
- Seller: OFS Global Holdings
- Brokers: Brad Beauchamp, Jon Lindenberger & Paul Dominique - Colliers
- Acres: 31.62
Colliers brokered the transaction, facilitating the sale of the property, representing OFS Global Holdings as the seller. The brokers involved are Brad Beauchamp, Jon Lindenberger, and Paul Dominique, who played key roles in the transaction process.
Players
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