Updated Dec 4, 2024
Bel Air Lighting Acquires Industrial Building At 16622 Hafer Road From Alliance Industrial Co
16622 Hafer Road
Building Size
112,667 SF
Asset Type
Industrial
Closing
Sep 16, 2024
About this deal
AI
Bel Air Lighting acquired an industrial asset located at 16622 Hafer Road in the Houston market. The property spans 112,667 square feet, contributing to the buyer's portfolio in the industrial sector.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Undisclosed
- Address: 16622 Hafer Road
- Market: Houston
- Buyer: Bel Air Lighting
- Seller: Alliance Industrial Co.
- Brokers: Garret Geaccone & Jeremy Lumbreras - Stream Realty Partners
Stream Realty's Jeremy Lumbreras and Garret Geaccone represented the seller, Alliance Industrial Co., during this transaction. The specific sale price remains undisclosed as part of the transaction details.
On the Map
Industrial
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Houston Industrial Market Snapshot
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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