SMI Holdings LLC Acquires 16,000 SF Industrial Building In Houston With Partners Real Estate & CBRE Agents
12311 Amelia Drive
Building Size
16,000 SF
Asset Type
Industrial
Closing
Jan 19, 2024
AI
Partners Real Estate has brokered the sale of a 16,000 sq ft industrial building located at 12311 Amelia Drive in South Houston. The property, representing SMI Holdings LLC as the buyer, was sold by an undisclosed seller. The transaction was facilitated by Braedon Emde and Travis Land, who represented the buyer, while Boomer White of CBRE acted as the seller's representative.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Not specified.
- Address: 12311 Amelia Drive
- Market: Houston
- Size: 16,000 sq ft
Braedon Emde and Travis Land, from Partners Real Estate, guided SMI Holdings LLC in their acquisition of the industrial building situated in South Houston. On the other side, Boomer White, from CBRE, represented the seller during the negotiation process.
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