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8020 Leghorn St, Houston, T...

Updated Oct 29, 2024

NAI Partners Investment Fund II Acquired 215835 SF Property At 8020 Leghorn St Houston With Buyer's Rep Nolan Johnson
SOLDCommercial

NAI Partners Investment Fund II Acquired 215835 SF Property At 8020 Leghorn St Houston With Buyer's Rep Nolan Johnson

8020 Leghorn St, Houston, TX, 77040

Building Size

215,835 SF

Asset Type

Commercial

Closing

Feb 19, 2019

About this deal

AI

NAI Partners’ Investment Fund II acquired two commercial assets located in Houston, Texas. The two properties include the Leghorn Service Center, an industrial building comprising 66,530 square feet, situated at 8020 Leghorn St, and the Clear Lake Business Center, a flex property totaling 149,305 square feet. The total square footage for both properties is 215,835, marking a significant acquisition for the investment fund.

Summary of transaction details:

  • Property Type: Commercial
  • Transaction Amount: Not disclosed
  • Address: 8020 Leghorn St, Houston, TX, 77040
  • Market: Houston
  • Buyer: NAI Partners Investment Fund II
  • Buyer's Rep: Nolan Johnson
  • Seller: Berkeley Properties

Andrew Pappas, Adam Hawkins, and John Nolan were instrumental in negotiating and closing the deals for the properties involved in this transaction. The acquisition of these assets brings the NAI Partners Investment Fund II to full deployment.

Players

Nolan Johnson

Broker

$5.8M

vol

4 deals

Broker

Houston Commercial Market Snapshot

Boundary boundary · Commercial · 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

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