Jon Silberman Of Partners Capital Acquires HTX Service Center Portfolio In Houston For 228597 SF
610 Service Street
Building Size
228,597 SF
Asset Type
Industrial
Closing
Aug 6, 2025
AI
An industrial property portfolio located at 610 Service Street, known as the HTX Service Center Portfolio, was acquired. The portfolio consists of three properties totaling 228,597 square feet and was 68.5% leased at the time of closing. The market for this transaction is Houston.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Unspecified
- Address: 610 Service Street, Willowbend Service Center and Wilcrest Green Service Center
- Market: Houston
- Asset Size: 228,597 SF
- Buyer: Jon Silberman - Partners Capital
- Broker: Michael Martin - Avison Young
- Seller: Undisclosed
- Leased Percentage at Closing: 68.5%
Jon Silberman, representing Partners Capital, was involved in the acquisition of the industrial portfolio. Michael Martin of Avison Young facilitated the transaction as the broker representing the buyer. The seller’s identity remains undisclosed.
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