Updated Jun 5, 2025
Terry Gou Of Foxconn Acquires Fairbanks Logistics Park From Dalfen Industrial In Houston
8702 Fairbanks North Houston Road
Building Size
1,026,609 SF
Asset Type
Industrial
Closing
Jun 5, 2025
About this deal
AI
The asset involved in the transaction is a 1,026,609 square foot industrial property located at 8702-8726 Fairbanks North Houston Road in the Houston market. This Class A four-building campus is strategically situated near Beltway 8 and Highway 249 and is notable for its role in the advanced manufacturing and AI infrastructure sectors.
Summary of transation details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 8702-8726 Fairbanks North Houston Road
- Market: Houston
- Buyer: Terry Gou - Foxconn
- Seller: Murray & Sean Dalfen - Dalfen Industrial
- Asset Size: 1,026,609 SF
Terry Gou, representing Foxconn, has acquired the property from Murray and Sean Dalfen, who are associated with Dalfen Industrial. This transaction signifies a significant expansion for Foxconn, a Fortune 50 tech company, into Northwest Houston.
On the Map
Industrial
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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