Updated Dec 19, 2023
James Mashni & Patrick McKiernan Acquire Industrial Property In Channelview For $1M
16636 Bear Bayou Drive, Channelview, TX, USA
Building Size
15,000 SF
Asset Type
Industrial
Closing
Jul 28, 2021
About this deal
AI
An industrial property located at 16636 Bear Bayou Dr in Channelview has been sold. The property spans 15,000 square feet and is situated on 4.3 acres. The transaction was facilitated by brokers James Mashni & Patrick McKiernan. The property was listed for $1,000,000, resulting in a price per square foot of $67 and a price per acre of $232,558.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $1,000,000
- Square Footage: 15,000
- Acreage: 4.3
- Market: Channelview
James Mashni & Patrick McKiernan represented the parties involved in the transaction, serving as the brokers. They played a crucial role in facilitating the sale of the industrial property in Channelview.
Players
Channelview 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