facebook

traded

+ Submit
Home

/

Deals

/

Texas

/

Industrial

/

Sale

/

15550 Export Plaza Drive

Equity Resource Partners Acquires 27.8k SF Industrial Building In Houston
SOLDIndustrial

Equity Resource Partners Acquires 27.8k SF Industrial Building In Houston

15550 Export Plaza Drive

Building Size

27,800 SF

Asset Type

Industrial

Closing

Jan 2, 2024

AI

A 27,800-square-foot industrial building located at 15550 Export Plaza Drive in North Houston has been sold. The property was purchased by Equity Resource Partners, represented by Eggert Dagbjartsson. The seller, White Hall Real Estate, was represented by Trey Erwin III, Jason English, Joshua Carl, and Stuart Peterson of Lee & Associates.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: Not provided
  • Square Footage: 27,800
  • Address: 15550 Export Plaza Drive
  • Market: Houston

The sale of the industrial building at 15550 Export Plaza Drive in North Houston was brokered by Lee & Associates. Jason English and Stuart Peterson represented the seller, White Hall Real Estate, while Trey Erwin III and Joshua Carl represented the buyer, Equity Resource Partners. This transaction marks another successful deal completed by the experienced brokers of Lee & Associates.

Players

Jason English

Lee & Associates

Broker

2 deals

Broker
EI
Equity Resource Partners IIIBuyer

Manns Choice Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

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