Updated Sep 5, 2024
ATCAP Partners Acquires 1.2M SF Industrial Portfolio In Houston 610 Loop From CenterPoint Properties
8500 Market St, Houston, TX 77029
Building Size
1,200,000 SF
Asset Type
Industrial
Closing
May 18, 2023
About this deal
AI
ATCAP Partners has purchased an eight-building industrial portfolio in Houston's Houston 610 Loop. The portfolio, sold by CenterPoint Properties, comprises fully leased industrial space totaling around 1.2 million square feet. The transaction took place on May 18, 2023, at 8500 Market St, Houston, TX 77029.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $0.0
- Units: ~
- Price per Unit: NaN$
- Square Footage: 0
- Price per Square Foot: NaN$
The purchase offers ATCAP Partners a portfolio of fully leased industrial properties, providing cash-flow stability and potential for rent growth in a market with limited supply. CenterPoint Properties acted as the seller in this deal, representing the eight-building industrial portfolio in Houston's Houston 610 Loop.
On the Map
Industrial
View full map
Players
Texas Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Deal FAQ
Browse Texas industrial sales on Traded.
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