Updated May 20, 2025
Daniel McKinney Of McKinney Real Estate Represents Buyer In 35,650 Sf Development Site Sale In Houston
8323 Braniff Street
Building Size
35,650 SF
Asset Type
Development Site
Closing
May 19, 2025
About this deal
AI
A development site at 8323 Braniff Street in Houston was sold, encompassing a total square footage of 35,650. The asset is situated near Houston's Hobby Airport.
Summary of transation details:
- Property Type: Development Site
- Transaction Amount: Not disclosed
- Address: 8323 Braniff Street
- Market: Houston
- Square Footage: 35,650
- Buyer's Representative: Daniel McKinney - McKinney Real Estate
- Seller's Representative: Jack Rathe - Stream Realty Partners
Stream Realty Partners facilitated the sale, with Jack Rathe representing the seller. The buyer was represented by Daniel McKinney of McKinney Real Estate, indicating a successful collaboration between both parties in the transaction.
On the Map
Development Site
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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