Taurus Investment Holdings Acquires Fannin Buildings 1 & 2 In Houston Industrial Sale
10001 Fannin Street, Houston, Texas 77045, United States
Building Size
370,264 SF
Asset Type
Industrial
Closing
Jun 7, 2022
AI
The Fannin Buildings 1&2 in Houston have been sold as part of the Sunbelt Infill Industrial portfolio. The industrial property, located at 10001 Fannin St - Building I & II, spans a total of 370,264 square feet.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 10001 Fannin St - Building I & II
- Market: Houston
- Buyer: Taurus Investment Holdings - Peter Merrigan, William Garey, Lathan Allen
- Broker: Trent Agnew - JLL
Taurus Investment Holdings, represented by Peter Merrigan, William Garey, and Lathan Allen, has acquired the Fannin Buildings 1&2. The buyer has stated that Fannin Building 2 is currently under development. No additional information about the transaction has been provided.
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