Cutten Houston Investments LP. Sells Industrial Property In Houston On Cutten Road
12218 Cutten Road, Houston, Texas 77066, United States
Building Size
82,053 SF
Asset Type
Industrial
Closing
Aug 24, 2022
AI
Located at 12218 Cutten Road in Houston, this industrial property encompasses an impressive 82,053 square feet. Recently, it was sold in a transaction that took place on August 25, 2022.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 12218 Cutten Road, Houston
- Market: Houston
- Size: 82,053 square feet
The seller of this property was Cutten Houston Investments LP. NAI Partners represented the seller in this deal, with Travis Land and A.J. Williams serving as the brokers. Additionally, JLL was involved in the transaction, with Geoff Perrott and David Buescher representing the seller's interests.
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