Pocas International Acquires 27.9K Sq Ft Industrial Building In Houston
8008 South Sam Houston Parkway West
Building Size
—
Asset Type
Industrial
Closing
Jan 25, 2024
AI
Pocas International has acquired a 27,893-square-foot industrial building located at 8008 South Sam Houston Parkway West in Houston. The property was sold by Ultra Houston Group LP. The transaction took place on January 25, 2024.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 8008 South Sam Houston Parkway West
- Market: Houston
Wes Williams from Colliers represented Pocas International as the buyer's representative in the deal. Travis Land, on the other hand, represented the seller, Ultra Houston Group LP, through Partners Real Estate.
Note: Pocas International's acquisition of the industrial building was facilitated by Wes Williams of Colliers, while Travis Land of Partners Real Estate represented the seller, Ultra Houston Group LP.
Players
Houston Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
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