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4303 South Dr, Houston, TX,...

Glenmorangie LLC Purchases Property In Houston From BL Fielder Investments LLC With Broker Christopher Winters
SOLDIndustrial

Glenmorangie LLC Purchases Property In Houston From BL Fielder Investments LLC With Broker Christopher Winters

4303 South Dr, Houston, TX, 77053

Building Size

26,000 SF

Asset Type

Industrial

Closing

Mar 1, 2019

AI

A 26,000-square-foot warehouse has been sold at 4303 South Drive in Houston, Texas. The property spans 2.2 acres and is located within Southbelt Industrial Park, conveniently near the Sam Houston Tollway. The transaction took place in the Houston market.

Summary of transation details:

  • Property Type: Warehouse
  • Transaction Amount: Not disclosed
  • Address: 4303 South Dr, Houston, TX, 77053
  • Market: Houston
  • Buyer: Glenmorangie LLC
  • Seller: BL Fielder Investments LLC
  • Buyer's Representative: Christopher Winters - Colliers International
  • Seller's Representative: Coy Wheeler - Keller Williams Commercial

Christopher Winters and Walter Menuet of Colliers International were involved in the representation of the buyer, Glenmorangie LLC, in this transaction, while the seller, BL Fielder Investments LLC, was represented by Coy Wheeler of Keller Williams Commercial.

Players

Christopher Winters

Colliers

Broker

5 deals

Broker
GL
Glenmorangie LLCBuyer

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