Updated Oct 28, 2024
GBP II SIP Acquires Industrial Property In Houston From Trecap Southcreek Partners
1612 Southcreek Ln, Houston, Texas 77073, United States
Building Size
27,150 SF
Asset Type
Industrial
Closing
Sep 19, 2022
About this deal
AI
GBP II SIP has purchased an industrial property located at 1612 Southcreek Lane in Houston. The property spans 27,150 square feet and sits on 2.9 acres. The transaction took place on 09/20/2022 and the seller was Trecap Southcreek Partners. Colliers' Todd Moore, Connor Duffy, and Jason Tangen represented the buyer in this deal.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Not specified
- Market: Houston
- Address: 1612 Southcreek Lane
- Square Footage: 27,150
- Acres: 2.9
Todd Moore, Connor Duffy, and Jason Tangen from Colliers acted as the buyer's representatives in this industrial property transaction. Their expertise and guidance played a significant role in facilitating the successful completion of the deal.
On the Map
Industrial
View full map
Players
Houston Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Deal FAQ
Browse Texas industrial sales on Traded.
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