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5308 Oates Road

OFS Global Holdings Sells 31.62 Acres Of Industrial Land In Houston Represented By Colliers
SOLDIndustrial

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:

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

Paul Dominique

Colliers

Broker

6 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