Updated Sep 9, 2024
Josh Jacobs Of The Blue Ox Group And Burdette Huffman Of Edge Realty Represent Sellers In Richmond Sale
727 Plantation Dr, Richmond, TX, 77406
Building Size
62,132 SF
Asset Type
Industrial
Closing
Nov 19, 2023
About this deal
AI
A 62,132-square-foot industrial asset located at 727 Plantation Drive, Richmond, TX, has been sold. The property is situated in Richmond, a southwestern suburb of Houston. The seller of the asset was Slater Sports LLC.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Address: 727 Plantation Dr, Richmond, TX, 77406
- Market: Richmond
- Seller's Representatives: Josh Jacobs - The Blue Ox Group, Burdette Huffman - Edge Realty
- Buyer: Unknown
- Square Footage: 62,132
The transaction was facilitated by Burdette Huffman and Josh Jacobs from EDGE Realty Capital Markets, representing the seller. Specific terms of the sale were not disclosed.
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Richmond Industrial Market Snapshot
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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