SOLDIndustrial
Hyde Park Commercial Acquires Industrial Asset In Houston, TX Inner Loop
Munn Street
Building Size
—
Asset Type
Industrial
Closing
Feb 29, 2024
AI
An industrial property spanning 374,616 square feet, located at 0 Munn Street in Houston, TX Inner Loop, was recently transacted for an amount not disclosed, situated on an 8.6-acre plot of land.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Buyer: Milco Cipriani - Hyde Park Commercial
- Brokers: Patrick McKiernan & James Mashni - First Houston Properties
Patrick McKiernan and James Mashni of First Houston Properties facilitated the transaction of the industrial property to Milco Cipriani, representing Hyde Park Commercial in the deal.
Players
Houston Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
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