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610 Service Street

Jon Silberman Of Partners Capital Acquires HTX Service Center Portfolio In Houston For 228597 SF
SOLDIndustrial

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

Michael Martin

Avison Young

Broker

1 deal

Broker
Avison Young
Avison YoungBrokerage
Jon Silberman

Jon Silberman

Partners Real Estate

Buyer

12 deals

Buyer
Partners Real Estate
Partners Real EstateBuyer

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