Stuart Rosen Of Greater Houston Commercial Properties Represents ALS Investments Inc In Warehouse Sale
8411 Villa Dr, Houston, TX, 77061
Building Size
17,500 SF
Asset Type
Warehouse
Closing
Nov 22, 2023
About this deal
AI
A 17,500-square-foot warehouse located at 8411 Villa Drive in Houston, TX, 77061, was recently sold. The property was acquired by ALS Investments Inc from McDonough Construction Rentals Inc.
Summary of transaction details:
- Property Type: Warehouse
- Transaction Amount: Not disclosed
- Market: Houston
- Buyer: ALS Investments Inc
- Seller: McDonough Construction Rentals Inc
- Buyer's Rep: Stuart Rosen (Greater Houston Commercial Properties)
- Seller's Rep: Chris Caudill (NAI Partners)
Chris Caudill of NAI Partners represented the seller, McDonough Construction Rentals Inc, in the transaction. On the buyer's side, Stuart Rosen of Greater Houston Commercial Properties facilitated the acquisition for ALS Investments Inc.
Houston Warehouse Market Snapshot
Boundary boundary · Warehouse · 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