Updated Dec 4, 2024
Greenlaw Partners Acquires Industrial Property In Houston From Clay Development & Construction, Inc
13393 South Main Street
Building Size
523,640 SF
Asset Type
Industrial
Closing
Nov 3, 2023
About this deal
AI
Clay Development & Construction, Inc has sold an industrial property located at 13393 South Main Street in Houston. The property spans 523,640 square feet and was acquired by Greenlaw Partners, represented by Mikheel Davankar. The transaction was facilitated by Trent Agnew from JLL.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Address: 13393 South Main Street, Houston
- Market: Houston
- Buyer: Greenlaw Partners - Mikheel Davankar
- Seller: Clay Development & Construction, Inc
- Broker: Trent Agnew - JLL
Mikheel Davankar, representing Greenlaw Partners, worked with Trent Agnew from JLL to successfully complete the transaction for the industrial property located at 13393 South Main Street in Houston. Clay Development & Construction, Inc acted as the seller in the deal.
On the Map
Industrial
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Players
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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