LHI LCC Acquires Industrial Property In Houston From Clay-McHard Road Partners LP
8130 McHard Rd, Houston, TX, 77053
Building Size
76,026 SF
Asset Type
Industrial
Closing
Nov 22, 2023
AI
The industrial facility at 8130 McHard Road in Houston, TX, 77053, spanning 76,026 square feet, has been sold. The Class B, single-tenant property was constructed in 2013.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not Disclosed
- Buyer: LHI LCC
- Seller: Clay-McHard Road Partners LP
- Buyer's Representatives: Mike Spears (Lee & Associates), Thomas Leger (Lee & Associates)
- Seller's Representative: Amy Silvey (Lee & Associates)
Mike Spears and Thomas Leger of Lee & Associates acted as the buyer's representatives for LHI LCC in this transaction. Amy Silvey, also from Lee & Associates, represented the seller, Clay-McHard Road Partners LP.
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