Updated Oct 28, 2024
Arden Logistics Parks Acquires Industrial Property In Houston
9525 Wallisville Road, Houston, Texas 77013, United States
Building Size
203,421 SF
Asset Type
Industrial
Closing
Mar 2, 2022
About this deal
AI
The industrial property located at 9525 Wallisville Rd in Houston has been sold in a recent transaction. The property spans across approximately 203,421 square feet, making it a valuable asset in the market.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 9525 Wallisville Rd
- Market: Houston
- Size: 203,421 square feet
Arden Logistics Parks, represented by Barbara Rea, acquired the property. The transaction was facilitated by the brokers Rusty Tamlyn, Trent Agnew, Charlie Strauss, and Jack Moody from The Jones Lang Lasalle (JLL). The buyer's representatives ensured a smooth transaction, leveraging their expertise in the industry to secure the deal.
In addition to the brokerage team, James Brolan and John David Johnson from JLL acted as the mortgage brokers, playing a crucial role in securing the necessary financing for the transaction.
On the Map
Industrial
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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