TBarJ Properties LLC Acquires Houston Property From Wallis State Bank Represented By Clay Pritchett
8412 Hansen Rd, Houston, TX, 77075
Building Size
6,400 SF
Asset Type
—
Closing
Nov 19, 2023
About this deal
AI
The property at 8412 Hansen Rd, Houston, TX, 77075 features a total square footage of 6,400. The market for this property is located in Houston. The seller of the property is Wallis State Bank.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: Not specified
- Address: 8412 Hansen Rd, Houston, TX, 77075
- Market: Houston
- Seller's Representative: Clay Pritchett-NAI Capital
- Buyer: TBarJ Properties LLC
- Seller: Wallis State Bank
- Square Footage: 6,400
Clay Pritchett from NAI Capital represented Wallis State Bank in this transaction. The buyer was TBarJ Properties LLC, which secured ownership of the property following the completion of the deal.
On the Map
Players
Houston CRE Market Snapshot
Boundary boundary · CRE · 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