Transwestern Real Estate Services Acquires Industrial Portfolio In Houston For 198,663 SF
15800 Export Plaza Drive, Houston, TX, USA
Building Size
198,663 SF
Asset Type
Industrial
Closing
Jun 30, 2020
AI
A 198,663 square feet industrial property located at 15800 Export Plaza, 11940 Brittmoore Park Drive, and 7211 Gessner Road in Houston has been sold. The transaction took place on June 30, 2021. The property was marketed in the Houston market and was listed for sale.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Address: 15800 Export Plaza, 11940 Brittmoore Park Drive, 7211 Gessner Road, Houston
- Market: Houston
- Square Footage: 198,663
The sale was facilitated by the Transwestern Real Estate Services (TRS) team, with Nick Peterson and John Ferruzzo representing the buyer and seller in the deal.
Players
Houston 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