CCIRF LLC Acquires 14000 SF Property At 6635 Theall Rd From Axis Texas Development Group LLC
6635 Theall Rd, Houston, TX, 77066
Building Size
14,000 SF
Asset Type
Industrial
Closing
Feb 12, 2019
AI
The property asset involved in the transaction is a 14,000-square-foot industrial asset located at 6635 Theall Road, Houston, TX, 77066. The single-tenant property was built in 2017 and features 28-foot clear heights and is part of the Houston market.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Address: 6635 Theall Rd, Houston, TX, 77066
- Market: Houston
- Buyer: CCIRF LLC
- Seller: Axis Texas Development Group LLC
- Buyer's Representative: Clint Hankla, Lee & Associates
- Seller's Representative: Chase Cribbs, Lee & Associates
Representing the seller in this transaction were Chase Cribbs along with Robert McGee and Thomas Leger, all from Lee & Associates. Clint Hankla, also from Lee & Associates, represented the buyer. This transaction represents collaboration among multiple professionals within Lee & Associates.
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