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9501 Lakeside Boulevard

Vitrian Acquires Industrial Property In Woodlands, TX
SOLDOffice

Vitrian Acquires Industrial Property In Woodlands, TX

9501 Lakeside Boulevard

Building Size

76,000 SF

Asset Type

Office

Closing

Aug 24, 2022

AI

Located at 9501 Lakeside Blvd. in Woodlands, this industrial property spans an impressive 76,000 square feet. The transaction took place on August 24, 2022, with the involvement of Kevin McConn, Dave Baker, and Brian Buglione from JLL Capital Markets. The property was sold to Vitrian, who also secured Cellipont Bioservices as the tenant for the space.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not specified

The deal was facilitated by Kevin McConn, Dave Baker, and Brian Buglione of JLL Capital Markets. They represented both the buyer, Vitrian, and the tenant, Cellipont Bioservices, in this transaction.

Players

Brian Buglione

JLL

Broker

$114.6M

vol

5 deals

Broker
Vitrian
VitrianBuyer

The Woodlands Office Market Snapshot

Boundary boundary · Office · 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