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6635 Theall Rd, Houston, TX...

CCIRF LLC Acquires 14000 SF Property At 6635 Theall Rd From Axis Texas Development Group LLC
SOLDIndustrial

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

Chase Cribbs

Lee & Associates

Broker

7 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