Updated Oct 12, 2026
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:
- Property Type: Industrial
- Transaction Amount: Undisclosed
- Address: 12150 Kirby Drive
- Market: Houston, TX
- Seller: David Hudson - Hanover Co; Robert Duncan - Transwestern Investments
- Brokers: Robert McGee, Taylor Schmidt & Austin Bartula - Colliers
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
Industrial
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Players
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