Updated May 12, 2025
Colliers Brokers Off-Market Sale Of Tanner Road Business Park In Houston's Northwest Submarket
9869 Tanner Road
Building Size
83,512 SF
Asset Type
Industrial
Closing
Apr 11, 2025
About this deal
AI
The property asset involved in the transaction is Tanner Road Business Park, an industrial complex spanning 83,512 square feet. It is located at 9863-9869 Tanner Road within the Houston market. The sale was executed off-market.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 9863-9869 Tanner Road
- Market: Houston
- Size: 83,512 SF
The deal was facilitated by Colliers, with brokers Connor Duffy, Todd Moore, and Zack Martin representing the buyer. The buyer intends to undertake extensive renovations and a full tenant turnover as part of their strategy to add value to the property.
On the Map
Industrial
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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