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9841 Windmill Park Lane, Ho...

NDP Interests, LLC Acquires Industrial Property In Houston, Spring & Deer Park
SOLDIndustrial

NDP Interests, LLC Acquires Industrial Property In Houston, Spring & Deer Park

9841 Windmill Park Lane, Houston, Texas 77064, United States

Building Size

72,980 SF

Asset Type

Industrial

Closing

Mar 9, 2022

AI

The industrial property located at 9841 Windmill Park Lane, 20404 Whitewood Dr, and 1114 Seaco Ave in Houston, Spring, and Deer Park was recently sold. The property spans a total of 72,980 square feet, making it a substantial asset in the area.

Summary of transation details

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Address: 9841 Windmill Park Lane, 20404 Whitewood Dr, 1114 Seaco Ave
  • Market: Houston, Spring, Deer Park
  • Square Footage: 72,980

The buyer of the property was NDP Interests, LLC, while the seller was the Finial Group. The deal was facilitated by brokers Trent Agnew and Charles Strauss from JLL Capital Markets. Representing the buyer's interests, NDP Interests, LLC enlisted the services of Trent Agnew and Charles Strauss in the transaction. On the other side, the Finial Group was represented by the same brokers from JLL Capital Markets.

To secure the purchase, NDP Interests, LLC obtained financing from First Community Credit Union. Michael Johnson from JLL acted as the mortgage broker in this deal.

Players

Charlie Strauss

JLL

Broker

30 deals

Broker
Finial Group
Finial GroupBrokerage
Finial Group
Finial GroupSeller
First Community Credit Union
First Community Credit UnionLender

Houston Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

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