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:
- Property Type: Industrial
- Transaction Amount: Not provided
- Buyer: Larry Levine - Levcor
- Seller: André Lacroix - Intertek
- Buyer's Representative: Sasha Levine - Levcor
- Seller's Representative: Britton Holland & Kevin Holland - Edge Capital Markets
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
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