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8725 Meadowcroft Drive, Hou...

US Living Acquires Industrial Property In Houston
SOLDIndustrial

US Living Acquires Industrial Property In Houston

8725 Meadowcroft Drive, Houston, TX 77063

Building Size

20,900 SF

Asset Type

Industrial

Closing

Jun 6, 2020

AI

An industrial property located at 8725 Meadowcroft Drive in Houston has recently been sold. The property, spanning 20,900 square feet, was acquired by U.S. Living.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Date: 06/06/2021
  • Address: 8725 Meadowcroft Drive
  • Market: Houston
  • Seller's Representative: Michael Keegan & Andrew Laycock - NAI Partners
  • Buyer's Representative: Hunter Johnston - Bridge Commercial

The sale of the industrial property was facilitated by Michael Keegan and Andrew Laycock of NAI Partners, who represented the seller. Hunter Johnston from Bridge Commercial served as the buyer's representative in the transaction.

Players

Michael Keegan

Partners Real Estate

Broker

10 deals

Broker
NAI Global
NAI GlobalBrokerage

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