Updated Dec 4, 2024
MLB Capital Partners Buys Industrial Asset At 15150 West Drive In Houston With Brokers Jim Autenreith & Tanner Thompson
15150 West Drive
Building Size
27,165 SF
Asset Type
Industrial
Closing
Oct 15, 2024
About this deal
AI
The property asset involved in this transaction is an industrial facility located at 15150 West Drive, Houston. The specifics regarding price and square footage are not provided in the context.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 15150 West Drive
- Market: Houston
- Buyer: MLB Capital Partners
- Buyers' Representatives: Richard Mason, Todd Mason & Jeff Lindenberger
- Brokers: Jim Autenreith & Tanner Thompson - Moody Rambin
This transaction involves key individuals from MLB Capital Partners, specifically Richard Mason, Todd Mason, and Jeff Lindenberger as the buyers. The brokerage team representing the deal comprises Jim Autenreith and Tanner Thompson from Moody Rambin.
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