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
Houston Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
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