Updated Dec 4, 2024
Ibrahim Bulut Acquires Industrial Property In Houston, TX From Mehdi Ali
11820 South Sam Houston Parkway West
Building Size
20,000 SF
Asset Type
Industrial
Closing
Jan 4, 2024
About this deal
AI
Located at 11820 South Sam Houston Parkway West in Houston, TX, this industrial property boasts a total area of 20,000 square feet and sits on 2.07 acres of land. The transaction took place on January 4, 2024.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 11820 South Sam Houston Parkway West, Houston, TX
- Market: Houston, TX
- Square Footage: 20,000
- Acres: 2.07
The buyer in this transaction is Ibrahim Bulut, while the seller is Mehdi Ali. William Byrd, representing First Houston Properties, served as the seller's representative.
On the Map
Industrial
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Players
Houston Industrial Market Snapshot
Boundary boundary · Industrial · 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