Rigoberto Juarez & Ryley Caton Facilitate 10,000 SF Industrial Sale In Houston
9306 Summerbell Lane
Building Size
10,000 SF
Asset Type
Industrial
Closing
Apr 11, 2024
AI
An industrial building spanning 10,000 square feet located at 9306 Summerbell Lane in southwest Houston has been sold. The property features 14-foot clear heights, five dock-high doors, and a total of 500 square feet.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 9306 Summerbell Lane
- Market: Houston
- Asset Type: Industrial
- Square Footage: 10,000
Rigoberto Juarez from Global Investment Realty represented the buyer in this transaction, while Jeffrey Arnaud and Ryley Caton from Oxford Partners worked as the seller's representatives.
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