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
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