Full Plus LLC Acquires Property In Missouri City Represented By Hunter Johnston And Clay Pritchett
13840 Pike Rd, Missouri City, TX, 77489
Building Size
86,655 SF
Asset Type
Mixed-use
Closing
Sep 27, 1919
AI
NAI Partners has brokered the sale of an 86,655-square-foot office and warehouse property situated on 10 acres at 13840 Pike Road in Missouri City, a southwestern suburb of Houston.
Summary of transaction details:
- Property Type: Office and Warehouse
- Transaction Amount: Not disclosed
- Address: 13840 Pike Rd, Missouri City, TX, 77489
- Market: Missouri City
- Buyer: Full Plus LLC
- Seller: Champions Fairway Ltd
- Buyer’s Representative: Hunter Johnston
- Seller’s Representative: Clay Pritchett (NAI Capital)
Clay Pritchett and Zane Carman of NAI Partners represented the seller, while Will Austin and Hunter Johnston of Bridge Commercial Real Estate represented the buyer in this transaction.
Players
Missouri City Mixed-use Market Snapshot
Boundary boundary · Mixed-use · 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