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9987 Wallisville Road

Garrett Marler, Matthew Haley & Cort Martin Acquire Industrial Asset In Houston
SOLDIndustrial

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:

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

Matthew Haley

Apricus Realty Capital

Broker

4 deals

Broker

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