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12218 Cutten Road, Houston,...

Cutten Houston Investments LP. Sells Industrial Property In Houston On Cutten Road
SOLDIndustrial

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

David Buescher

JLL

Broker

$170.5K

vol

8 deals

Broker
NAI Global
NAI GlobalBrokerage

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