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31067 Kingsland Boulevard

Will Hedges & Keith Gabrielson Acquire Industrial Property In Katy & Houston
SOLDIndustrial

Will Hedges & Keith Gabrielson Acquire Industrial Property In Katy & Houston

31067 Kingsland Boulevard, 2020 N Hwy 146 La Porte & 1401 S 16th Street

Building Size

1,603,623 SF

Asset Type

Industrial

Closing

Dec 1, 2023

AI

The industrial property located at 31067 Kingsland Boulevard, 2020 North Highway 146, and 1401 South 16th Street in Katy and Houston has been sold. The property spans a total of 534,541 square feet.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: N/A
  • Address: 31067 Kingsland Boulevard, 2020 North Highway 146, and 1401 South 16th Street
  • Market: Katy & Houston
  • Buyer: Will Hedges & Keith Gabrielson - Triten Real Estate Partners
  • Seller: JLL & Lee And Associates

The buyer of the property is Will Hedges & Keith Gabrielson from Triten Real Estate Partners. The seller includes JLL and Lee And Associates. The brokers involved in the deal are Trent Agnew, Charlie Strauss, and Lance Young from JLL, as well as Taylor Schmidt and Robert McGee from Lee & Associates.

Players

Charlie Strauss

JLL

Broker

30 deals

Broker

Brookshire 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