First Houston Properties Leases 36,608 SF Industrial Space At 842 Buschong St., Houston
842 Buschong St Houston, TX 77039, USA
Building Size
36,608 SF
Asset Type
Industrial
Closing
Jul 3, 2023
AI
Located at 842 Buschong Street in Houston, this industrial property spans a total of 36,608 square feet. The property was recently leased, adding to the vibrant commercial real estate market in Houston.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Brokers: Patrick McKiernan, James Mashni, and Samuel Mcgurk representing First Houston Properties
The team at First Houston Properties successfully facilitated the lease agreement for this prime industrial property. This transaction demonstrates their expertise and commitment to serving their clients' needs in the Houston real estate market.
Players
Texas Industrial Market Snapshot
Boundary boundary · Industrial · Lease 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