Greenlaw Partners Acquires Industrial Property On Discovery Hills Parkway In Brookshire
2439 Discovery Hills Parkway, Brookshire Tx
Building Size
546,000 SF
Asset Type
Industrial
Closing
Mar 3, 2023
AI
A 546,000 square-foot industrial property located at 2439 Discovery Hills Parkway in Brookshire has been sold in a recent transaction. The property was sold by Clay Development, with the buyer being Mikheel Davankar of Greenlaw Partners. The sale was facilitated by Trent Agnew of JLL.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 2439 Discovery Hills Parkway
- Market: Brookshire
Mikheel Davankar of Greenlaw Partners acquired the industrial property located at 2439 Discovery Hills Parkway. Clay Development acted as the seller in the transaction. The deal was brokered by Trent Agnew of JLL.
Market Industrial Market Snapshot
Boundary boundary · Industrial · 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