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
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