605 Wayside LP Acquires Industrial Property In Houston From RYCO Real Estate
605 North Wayside Drive, Houston, TX 77020
Building Size
161,172 SF
Asset Type
Industrial
Closing
Sep 2, 2021
AI
605 North Wayside Drive, an industrial property located in Houston, has recently been sold. The transaction took place on 09/02/2021 with a total land area of 3.7 acres.
Summary of transaction details
- Property Type: Industrial
- Sale Date: 09/02/2021
- Address: 605 North Wayside Drive
- Market: Houston
- Total Land Area: 3.7 acres
The buyer, 605 Wayside LP, acquired the property from the seller, RYCO Real Estate. Acting as representatives, Zack Taylor from Colliers and Jason Ryan & Webb Melder from Melder Real Estate facilitated the transaction.
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