Braun Enterprises Acquires 38,000 SF Industrial Property On Brinkman St In Houston
3409 Brinkman Street, Houston, TX 77018, USA
Building Size
38,000 SF
Asset Type
Industrial
Closing
Nov 1, 2021
AI
Located at 3409 Brinkman St in Houston, this industrial property encompasses 2.77 acres of land and offers a total of 38,000 square feet of space. The transaction took place on November 1, 2021, and the sale was facilitated by Gabriel Braun & Harrison Kane.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: N/A
Braun Enterprises, represented by Harrison Kane of Rockspring Properties, acquired the property in this transaction. Congratulations to all parties involved in this successful sale!
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