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6767 Portwest Drive

Levcor Acquires Industrial Building In West Houston From Intertek
SOLDIndustrial

Levcor Acquires Industrial Building In West Houston From Intertek

6767 Portwest Drive

Building Size

67,000 SF

Asset Type

Industrial

Closing

Feb 22, 2024

AI

An industrial building spanning 67,000 square feet located at 6767 Portwest Drive in Houston was successfully acquired in a recent transaction. The property sits on a 4-acre parcel and was originally constructed in 1987, offering a sizable space for industrial use in the West Houston area.

Summary of transaction details:

The deal saw Levcor, represented by Sasha Levine, acquiring the industrial property from Intertek, with the seller being represented by Kevin Holland and Britton Holland of Edge Capital Markets. The transaction involved key players such as Larry Levine from Levcorand André Lacroix from Intertek, showcasing the collaborative efforts of the buyer and seller along with their respective representatives.

Players

Kevin Holland

Edge Capital Markets

Broker

1 deal

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