Rising Realty Partners Acquires Industrial Property In Houston For 14.56 Acres
3750 Greenbriar Drive, Houston, TX, USA
Building Size
245,495 SF
Asset Type
Industrial
Closing
Nov 17, 2021
AI
Andrew Pappas, Trent Agnew, and Charlie Strauss facilitated the sale of an industrial property located at 3750 Greenbriar Dr in Houston. The transaction took place on November 17, 2021. The property spans an area of 14.56 acres with a total square footage of 245,495.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 3750 Greenbriar Dr
- Market: Houston
- Property Size: 14.56 acres
- Total Square Footage: 245,495
Rising Realty Partners acquired the property from Partners Capital. Andrew Pappas represented the seller, while Trent Agnew and Charlie Strauss, from JLL, served as the brokers in the transaction.
Players
Houston Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
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