Garrett Marler, Matthew Haley & Cort Martin Acquire Industrial Asset In Houston
9987 Wallisville Road
Building Size
—
Asset Type
Industrial
Closing
Mar 21, 2024
AI
Located at 9987 Wallisville Road in Houston, the industrial property was successfully sold in a recent transaction. The property was acquired by Garrett Marler, Matthew Haley, and Cort Martin representing Apricus Realty Group & ABR Capital from the seller, Ameer Transportation.
Summary of transation details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Buyer: Garrett Marler, Matthew Haley & Cort Martin - Apricus Realty Group & ABR Capital
- Seller: Ameer Transportation
- Address: 9987 Wallisville Road
- Market: Houston
Garrett Marler, Matthew Haley, and Cort Martin, representing Apricus Realty Group & ABR Capital, took part in the successful acquisition of the industrial property located in Houston. On the other side of the deal, Ameer Transportation served as the seller of the property, facilitating the transaction between the involved parties.
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