Nick Terry Of Rivergate Capital Acquires Industrial Asset In Houston For $3.32M
3550 Lang Road
Building Size
45,503 SF
Asset Type
Industrial
Closing
Mar 31, 2026
AI
The asset involved in this transaction is an industrial property located at 3550-3580 Lang Road in Houston. The total square footage of the property is 45,503.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 3550-3580 Lang Road
- Market: Houston
- Buyer: Nick Terry - Rivergate Capital
- Buyer's Representative: Austin Honey & Jace Martin - Titan Commercial
- Seller's Representative: Ada Wang - KW Commercial
The deal involved Nick Terry representing Rivergate Capital as the buyer. The transaction was facilitated by Austin Honey and Jace Martin from Titan Commercial, who represented the buyer's interests. Ada Wang from KW Commercial was involved as the representative for the seller in this transaction.
Players
Houston Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
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