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1318 Bammel Rd, Houston, TX...

Granger Associates Sells Property At 1318 Bammel Rd In Houston With Corey Ferguson As Buyer's Rep
SOLDIndustrial

Granger Associates Sells Property At 1318 Bammel Rd In Houston With Corey Ferguson As Buyer's Rep

1318 Bammel Rd, Houston, TX, 77073

Building Size

110,000 SF

Asset Type

Industrial

Closing

Nov 19, 2023

AI

A 110,000-square-foot manufacturing facility has been sold at 1318 Bammel Road in Houston, Texas, situated on a 35-acre site. The property was previously utilized as the Houston facility for Lectrus Corp., a company specializing in electrical solutions that filed for bankruptcy in 2017.

Summary of transaction details:

  • Property Type: Manufacturing Facility
  • Transaction Amount: Not disclosed
  • Address: 1318 Bammel Rd, Houston, TX, 77073
  • Market: Houston
  • Buyer: Unknown
  • Seller: Granger Associates
  • Buyer's Representative: Corey Ferguson - Raintree Commercial
  • Seller's Representative: John Ferruzzo - Transwestern
  • Square Footage: 110,000

The transaction involved key representatives, Ryan Searle, Nick Peterson, and John Ferruzzo of NAI Partners, who represented the seller, Granger Associates, during the sale process. Corey Ferguson represented the undisclosed buyer, facilitating the transaction.

Players

John Ferruzzo

KBC Advisors

Broker

16 deals

Broker

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