Updated Nov 28, 2024
Hines Acquires Industrial Property In Houston From Griffin Partners & Pinto Realty Partners
19000 Greens Crossing BlvdHouston, TX 77038, USA
Building Size
282 SF
Asset Type
Industrial
Closing
Jun 12, 2022
About this deal
AI
An industrial property located at 19000 Greens Crossing Blvd in Houston has been sold in a recent transaction. The property spans approximately 282,190 square feet and was sold in a closed sale deal.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 19000 Greens Crossing Blvd
- Market: Houston
- Seller: Griffin Partners & Pinto Realty Partners
- Buyer: Hines
- Broker: Trent Agnew - JLL
The buyer involved in this transaction is Hines, a prominent company in the real estate industry. On the other hand, Griffin Partners & Pinto Realty Partners acted as the sellers. The deal was facilitated by Trent Agnew from JLL, who represented the buyer, seller, landlord, or tenant in this transaction.
On the Map
Industrial
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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