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12150 Kirby Drive

Updated Oct 12, 2026

Hanover Co And Transwestern Investments Sell 213,000 SF Industrial Property In Houston
SOLDIndustrial

Hanover Co And Transwestern Investments Sell 213,000 SF Industrial Property In Houston

12150 Kirby Drive

Building Size

213,000 SF

Asset Type

Industrial

Closing

Oct 5, 2026

About this deal

AI

The Kirby 288 industrial property spans 213,000 square feet and is located at 12150 Kirby Drive in Houston, TX. This newly completed asset is classified as an industrial property, with its transaction occurring shortly after its completion in June 2026.

Summary of transaction details:

Colliers represented Hanover Co. in the sale of the Kirby 288 industrial property, marking a significant deal in the market. The collaboration involved brokers Robert McGee, Taylor Schmidt, and Austin Bartula, highlighting their role in facilitating this transaction shortly after the property was constructed.

On the Map

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Industrial

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Players

Robert McGee

Colliers

Broker

$18M

vol

14 deals

Broker
David Hudson

David Hudson

Hanover Capital

Seller

1 deal

Seller
Bilt advertisement

Kirby 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

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