Updated Sep 5, 2024
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
About this deal
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.
On the Map
Industrial
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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