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
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