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
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