Updated Jun 17, 2025
Alterra Property Group Acquires Industrial Asset From Old House Capital In Houston
7470 Miller Road Number 2, 1970 South Starpoint Drive & 1960 South Starpoint Drive
Building Size
7,875 SF
Asset Type
Industrial
Closing
May 2, 2025
About this deal
AI
The transaction involves an industrial property located at 7470 Miller Road Number 2, 1970 South Starpoint Drive & 1960 South Starpoint Drive in Houston, TX. The asset encompasses a total of 20,982 square feet. The sale was completed on May 3, 2025, with Old House Capital as the seller.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Buyer: Alterra Property Group
- Seller: Old House Capital
- Brokers: Jack Zalta & Emil Shabot - KSR
- Date of Transaction: 5/3/2025
- Address: 7470 Miller Road Number 2, 1970 South Starpoint Drive & 1960 South Starpoint Drive
- Market: Houston, TX
- Asset Size: 20,982 SF
Key individuals involved in the transaction include Jack Zalta and Emil Shabot, who represented the seller, Old House Capital, in the deal. The involvement of KSR as the brokerage firm facilitated the transaction.
On the Map
Industrial
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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