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9525 Wallisville Road, Hous...

Arden Logistics Parks Acquires Industrial Property In Houston
SOLDIndustrial

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

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.

Players

Charlie Strauss

JLL

Broker

30 deals

Broker
AP
Arden Logistics ParksBuyer

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