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16261 Hollister St, Houston...

Redhorn Capital Acquires Industrial Property In Houston
SOLDIndustrial

Redhorn Capital Acquires Industrial Property In Houston

16261 Hollister St, Houston, TX 77066

Building Size

245,000 SF

Asset Type

Industrial

Closing

Jul 7, 2022

AI

The industrial property located at 16261 Hollister St in Houston has been sold. The transaction took place on 07/08/2022, with a total square footage of 245,000. The sale was facilitated by brokers Tim Thomas, Andrew Nguyen, and Austin Honey of LandPark Commercial, representing the buyer, Redhorn Capital, and Ori Getz and Max Fishman as their representatives. The seller in this transaction was Bridgewell Property Management.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not disclosed
  • Address: 16261 Hollister St
  • Market: Houston
  • Buyer: Redhorn Capital - Ori Getz, Max Fishman
  • Seller: Bridgewell Property Management
  • Brokers: Tim Thomas, Andrew Nguyen, and Austin Honey - LandPark Commercial

Ori Getz and Max Fishman, representing Redhorn Capital, were instrumental in finalizing the deal. The brokerage services were provided by Tim Thomas, Andrew Nguyen, and Austin Honey from LandPark Commercial. This transaction marks the successful acquisition of the industrial property in Houston by Redhorn Capital.

Players

Andrew Nguyen

LandPark Commercial

Broker

3 deals

Broker
BM
Bridgewell Property ManagementSeller

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