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9342 Telge Road, Houston, T...

United Equities Acquires Industrial Property In Houston With Seller's Rep Jason English
SOLDIndustrial

United Equities Acquires Industrial Property In Houston With Seller's Rep Jason English

9342 Telge Road, Houston, TX 77095

Building Size

30,000 SF

Asset Type

Industrial

Closing

Apr 14, 2020

AI

An industrial property located at 9342 Telge Road in Houston was recently sold in a closed transaction. The property spans 30,000 square feet and is situated in the Houston market.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not specified

The buyer of the property is United Equities, represented by Buster Freedman and Doug Freedman. On the other hand, the seller's representative is Jason English from Colliers International. Travis Land of NAI Partners acted as the buyer's representative in the deal.

Players

Travis Land

Partners Real Estate

Broker

20 deals

Broker
NAI Global
NAI GlobalBrokerage
Colliers
ColliersBrokerage

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