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1515 Globe Street, Houston,...

NAI Partners Acquires Industrial Property In Houston On Globe Street
SOLDIndustrial

NAI Partners Acquires Industrial Property In Houston On Globe Street

1515 Globe Street, Houston, TX, USA

Building Size

7,168 SF

Asset Type

Industrial

Closing

Feb 17, 2021

AI

An industrial property located at 1515 Globe Street in Houston has been sold. The transaction took place on February 18, 2021. The property, spanning 7,168 square feet, was sold by undisclosed parties.

Summary of transation details

  • Property Type: Industrial
  • Transaction Date: February 18, 2021
  • Address: 1515 Globe Street, Houston
  • Market: Houston
  • Square Footage: 7,168

The sale of this industrial property was facilitated by NAI Partners, with brokers Michael Keegan, Darren O'Conor, and Andrew Laycock representing the involved parties. Further details about the buyer, seller, and transaction value were not disclosed.

Players

Michael Keegan

Partners Real Estate

Broker

10 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