Integrated Induction, Inc. Acquires 7.95 Acre Industrial Property In Houston From Allegiance Bank
9110 Taub Road, Houston, TX 77064, USA
Building Size
52,000 SF
Asset Type
Industrial
Closing
Mar 18, 2021
AI
Integrated Induction, Inc. has recently acquired an industrial property located at 9110 Taub Road in Houston. The transaction, facilitated by David Boyd and Wes Williams from Boyd Commercial as the seller's representatives, was completed on March 19, 2021. Allegiance Bank acted as the seller in this deal.
Summary of transaction details:
- Property Type: Industrial
- Transaction Date: 03/19/2021
- Address: 9110 Taub Road
- Market: Houston
- Seller: Allegiance Bank
- Buyer: Integrated Induction, Inc.
- Seller's Representative: David Boyd and Wes Williams - Boyd Commercial
- Buyer's Representative: Mike Spears and Frank Blackwood - Lee & Associates – Houston
- Acres: 7.95
- Square Footage: 52,000
The property, spanning across approximately 7.95 acres, offers a substantial space of 52,000 square feet. This transaction not only involved the transfer of ownership but also showcased the expertise of key individuals and companies. Mike Spears and Frank Blackwood from Lee & Associates – Houston represented Integrated Induction, Inc. as their buyer's representatives, ensuring a successful acquisition.
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