Updated Oct 29, 2024
Gordon Creekside Acquires Industrial Property In Houston On Windfern Rd
9419 Windfern Rd, Houston, TX, USA
Building Size
160,778 SF
Asset Type
Industrial
Closing
Feb 25, 2021
About this deal
AI
A 9-acre industrial property located at 9419 Windfern Rd in Houston has been sold. The property, with a total square footage of 160,778, was recently acquired by Gordon Creekside. The seller, Dynamic Glass, was represented by David Carter & John Nicholson from Colliers International, while TCI Properties acted as the buyer's representative.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 9419 Windfern Rd
- Market: Houston
- Acres: 9
- Square Footage: 160,778
The acquisition of this industrial property in Houston marks a successful transaction for both the buyer, Gordon Creekside, and the seller, Dynamic Glass. David Carter & John Nicholson from Colliers International represented the seller in the deal, while TCI Properties acted as the buyer's representative.
Players
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