DLAC Ventures Acquires 21,261 SF Office/Warehouse In Houston From NOCNIR LLC
3367 North Sam Houston Pkwy W, Houston, TX 77038, Estados Unidos
Building Size
212,610 SF
Asset Type
Mixed-use
Closing
Oct 4, 2020
About this deal
AI
Dlac Ventures LLC has purchased an office/warehouse property located at 3367 North Sam Houston Parkway W. in Houston. The property spans 21,261 square feet and was sold by NOCNIR LLC. The transaction took place on October 5, 2020. David Alexander from Newcor Commercial Real Estate represented the seller, while Josh Morrow from Avison Young represented the buyer.
Summary of transaction details
- Property Type: Office/Warehouse
- Transaction Amount: N/A
- Address: 3367 North Sam Houston Parkway W.
- Market: Houston
- Square Footage: 21,261
- Seller: NOCNIR LLC
- Buyer: DLAC Ventures LLC
- Seller's Rep: David Alexander - Newcor Commercial Real Estate
- Buyer's Rep: Josh Morrow - Avison Young
The acquisition of this property represents a successful deal between DLAC Ventures LLC and NOCNIR LLC. Both parties were represented in the transaction by their respective brokers, David Alexander from Newcor Commercial Real Estate and Josh Morrow from Avison Young. The office/warehouse property, situated in Houston, offers a spacious area of 21,261 square feet, providing ample space for various business operations.
On the Map
Mixed-use
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Players
Houston 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