Jeremy Cohen And Jack McNamee Acquire 17,000SF Industrial Property From Bill Kacal In Houston
7229 Jackrabbit Road
Building Size
17,000 SF
Asset Type
Industrial
Closing
Jan 6, 2026
AI
The asset involved in this transaction is an industrial property located at 7229 Jackrabbit Road in Houston, featuring 17,000 square feet of warehouse space situated on 3.3 acres. This property is strategically positioned in Houston's Northwest/290 Industrial Submarket, just minutes from the 290 freeway.
Summary of transation details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 7229 Jackrabbit Road
- Market: Houston
- Square Footage: 17,000
- Seller: Bill Kacal
- Buyer: Jeremy Cohen & Jack McNamee
- Brokers: Derick Perkins & Jonas Fertitta - Alpine Partners
The brokers involved in this transaction, Derick Perkins and Jonas Fertitta from Alpine Partners, played a significant role in facilitating the deal. The note from the broker highlights the successful execution of the transaction, acknowledging the efficiency of Center Capital Partners LLC Terminal Logistics Fund in bringing this deal to fruition.
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