Updated Oct 29, 2024
ICS Management Corporation Acquires Industrial Property On Fallbrook Drive In Houston
8713 Fallbrook Drive, Houston, TX, USA
Building Size
12,087 SF
Asset Type
Industrial
Closing
Mar 12, 2021
About this deal
AI
An industrial property located at 8713 Fallbrook Drive in Houston was recently sold in a transaction that took place on March 13, 2021. The property spans a total area of 12,087 square feet.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Seller: ASAP Real Estate, LLC
- Buyer: ICS Management Corporation
The deal was facilitated by brokers Jack Gaffney and Jack Callaghan from the Finial Group. They represented the respective parties involved in the transaction, assisting with the successful sale.
On the Map
Industrial
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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