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9110 Taub Road, Houston, TX...

Integrated Induction, Inc. Acquires 7.95 Acre Industrial Property In Houston From Allegiance Bank
SOLDIndustrial

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:

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

David Boyd

Broker

3 deals

Broker

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